“to reduce the federal deficit by at least $1.5 trillion over the next 10 years”
That is an average deficit reduction of 150 billion dollars per year. And what is the projected increase in the deficit over those same years?
Well, this year the deficit topped 1 trillion dollars in June. That was 3/4ths the way through the year. That would indicate a deficit of 1.3 to 1.4 trillion this year alone. If spending rates don't increase (fat chance charlie) we could expect the deficit to increase 13 to 14 trillion dollars while we “save 1.5 trillion”.
Right....
When will the US become part of the P.I.I.G group of nations?
Strange isn’t it. During the reign of the USSR, they had 5 and 10 year programs, which didn’t work. The best this government can do is 12-18 month plans because of the election cycles. Since when did DC keep ANY 4-8-10 year budget plan???? Doesn’t matter who is in power, which party, the government always grows. I am really gettin tired of this crap. We can’t get an agreement to cut a lousy 1.5T over a 10 year time period when the government will receive over 20T and still be in debt. Folks we are being played...AGAIN!