Quote:
Originally Posted by Relentless
Robbie,
'Enough cuts' to pay our obligations without borrowing a penny in August would create catastrophic problems.
The larger the entity the slower it changes direction. Making significant changes is absolutely necessary.
Those changes would take years to phase into effect without severly damaging the economy.
There is a huge difference between saying you have to be 78 years old to collect social security starting in 2015 versus saying you have to be 78 to collect starting next Wednesday and if you have already been collecting but are not yet 78 you will no longer be sent a check.
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I know that they will move at a snails pace. Not only is it difficult to move a gigantic bureaucracy...but it behooves them to move slow so they can keep raping us financially as well.
BUT...I was saying that with 174 BILLION dollars forecast in revenue for the month of August we do NOT have to default on the money we borrowed. Isn't that what the gloom and doom forecast is all about?
The problem is that they are going to spend 303 BILLION in August. Yes, I know we have to meet our obligations (entitlements and military)...but couldn't they just at least PRETEND to slow down and immediately stop spending on everything else? And at least begin the process of bringing home ALL of our troops from overseas and stop being the world's policeman?
Yeah, I know they can't do that in a few days...but they aren't even CONSIDERING it for the future. They are making a teeny-tiny budget "cut" (that isn't even a real cut...just a "slowdown" in future spending) spread out over ten years and then they are going to raise the imaginary "Debt Ceiling" that they never adhere to and then the news will drop this subject and move on to something else.
Just like healthcare was THE MOST IMPORTANT THING IN THE WORLD for a couple of months, then Mexicans coming into the U.S. was THE MOST IMPORTANT THING IN THE WORLD for a couple of months, now this b.s. is.
And next week...it'll be Charlie Sheen or something else stupid. Meanwhile Boehner, Reid, and Obama will all be laughing all the way to the bank and marveling at how easy it is to keep the general population (us) distracted.
David Copperfield and other magicians could learn a thing or two from our politicians about sleight of hand.