What really I am bothered by is how minuscule the proposed cuts are. Boehner’s bill cuts $900 Billion over several years in future, and the Reid bill cuts $2.7 Trillion over 10 years but is a phony number since it includes savings by ending middle-east wars!
Then I look at the current YEARLY deficit of $1.5 Trillion and with Obamacare coming on line next year, spending will only increase.
Lastly, when Washington says they are cutting, they never mention that baseline budgeting has built in 7% yearly increases. Which means if you cut 1% it is actually a 6% increase!
Only reason stock market is doing OK is because most major companies are now doing business worldwide and they benefit from growing economies in Asia. US retail sales are abysmal.
Unfortunately, partly due to the Dems, the private sector is shrinking.
Maybe at some point in the future, we can correct the nose dive. We are Americans, after all.