1. There is money. Trillions of dollars. Yes, 40 cents of every dollar is borrowed. But the amount of money being spent is immense; almost incalculable.
2. Everything is not "on the table", and Entitlements never wereon the table during this disastrous Super Committee debt deal to begin with.
Do you understand that this is what has happened, and is happening?
Entitlements are protected, and growing at almost the rate of cancer cells.
Defense has been mortally wounded with cuts, and now on top of that it is being eviscerated.
We go to the SS recipients, and tell them “You are getting massive cuts, but that is OK, the Blue Angels will keep flying!”
Remember, we have SS people on FR saying we need sell our national parks to China to pay them off. Politically, how well will that work?
The military is going to be scaled back. Massively. We have been playing world policeman to long, and just like Great Britain before us, can't keep doing it. The reality is that both military spending and entitlements will be cut.
And if 40 to 50% of all that I spend is done on credit, I am broke. There is no money. If you did that in your household, you would rapidly come to the conclusion that you need to scale back your lifestyle. Including the “little perks and frills”. We have been spending like madmen for 60 years, and we have to stop.
I know that you are emotionally connected to the subject, but would you be defending a study on the sexual habits of Mexican tree slugs as “Just a little bit, not really that much money?”