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To: kabar
Well I'm glad you asked. :)

Current Federal Cash Flow

$0 Deficit Funding Levels

Our choices are fairly simple at this point. We can either balance it by September or as our publicly held debt rises from $9T to $14T we will default. Then we will have no SS, Medicare and a aircraft carrier going up and down each coast.

I'm sure you have the best of intentions but our debt and deficits are simply a matter of arithmetic. One doesn't have to put on a tin foil hat to look at it, just green eye shades. Once it is seen, it is simply a matter of will to deal with it.

29 posted on 01/22/2011 5:49:39 AM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: MontaniSemperLiberi
Our choices are fairly simple at this point. We can either balance it by September or as our publicly held debt rises from $9T to $14T we will default. Then we will have no SS, Medicare and a aircraft carrier going up and down each coast.

There is no way we can balance the budget by September. The draconian cuts you propose would never pass Congress. The budget deficit should be reduced on a long term glide path. We raise our debt ceiling to avoid default. There is nothing magic about $14 Trillion in publicly held debt. FYI: We must raise the total debt ceiling--not just the publicly held debt. Intragovernmental holdings [SS,Medicare, and other trust funds] are included in the current $14 trillion national debt.

I'm sure you have the best of intentions but our debt and deficits are simply a matter of arithmetic. One doesn't have to put on a tin foil hat to look at it, just green eye shades. Once it is seen, it is simply a matter of will to deal with it.

That is exactly my point. The idea that we can have entitlement reform in three months is a non-starter. Nor can you make the huge cuts in government operations that you propose. You not only have to deal with arithmetic, you must address the political landscape.

34 posted on 01/22/2011 8:13:35 AM PST by kabar
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