“Let this article sink in
If true then - well then I don’t know what happens. We sink.”
http://blogs.forbes.com/richardsalsman/2011/07/29/washingtons-budget-cuts-would-boost-spending-50/
I agree. Unfortunately people are so busy celebrating “a deal” that they don’t look at what the deal really is.
We are on a downward spiral and unless we elect a fiscally responsible president and Congress, who also have some courage, we may be passing the point of no return to become a third world country and nobody will bail us out, you can be sure of that.
All true. Everything you said.
I trust “greedy” free market capitalists and the market more than I trust greedy politicians and polls.
The fact that the Dow and Treasury rates haven’t moved much is proof that they always knew that politicos would cave and revert to the easy path.
"even if spending was $2 trillion less than that now scheduled in the “baseline,” as proposed this week by Republican House Speaker John Boehner, it would still total $43.8 trillion, or 55% above last decade’s spending level. Since Senate Democrats vow to veto Boehner’s plan, spending will rise by at least 50% in the coming decade."
That is the truth of it. There are no cuts. They are looking for a political solution. None of what they have been doing for the past week is an actual solution, especially without entitlements and Obamacare on the table.
Even the Ryan plan spends more money.
Rand Paul's Penny Plan is the only thing out there that decreases the deficit. They are solving the wrong problem, as usual.