Well, it looks like the boneheads in Congress have struck another “historic” deal. Ever notice how these people create problems and then fight over them only to come to a last minute compromise that screws the US taxpayer and then step out to describe the deal as historic? They do this every time so what is so historic about it?
The United States is heading for a catastrophe and Congress is driving us there in a super sonic jet. We have an unsustainable debt issue that has not been addressed in the details reported about this deal. Sure, there are 2.4 trillion dollars worth of cuts over ten years but we will rack up a hell of a lot more debt than that over the same time period if we do not end the reckless spending. The United States of America has a spending problem, not an income problem (though our income is down right now because of Obama’s nearly 10% unemployment rate). We spend far too much because politicians promise money to people who are not entitled to it. They continue to come up with one program after another to provide “benefits” that people, responsible people, should take care of themselves.
Responsible people should be in charge of their own retirement. Responsible people take care of their own health care insurance or pay the bills when they need medical services. Responsible people take any job offered (and look endlessly for one) no matter what it pays because it is the right thing to do. Responsible people know how to take care of themselves and do not sit around with their hands out.
I am not talking about temporary safety nets for people who fall on hard times. I am talking about the people who live off the government. There are people who are perfectly capable of working yet they squirt out kids and sit around collecting welfare. There is one person who has won the lottery and still collects welfare and he does not feel bad about it one single bit.
And this government is only too happy to promise more and more people these things in order to keep getting reelected. Deal or no deal the US would not have defaulted. The August 2nd date was an arbitrary date selected by Secretary of the Treasury Tim Geithner who added to our budget problems by not paying his taxes. The tax cheat at the Treasury selected the date out of thin air (which is where he gets the money he prints) and he did it to coincide with the August recess Congress takes so that they would be compelled to get something, anything done.
In the end the American public will get screwed as we add more debt to an unsustainable debt load.
They claim the debt deal is a historic event. It would have been historic if they had actually helped the situation. Causing more problems is what Congress does best so nothing historic there.
You want to do something historic? Try passing a balanced budget amendment and send it to the states to decide the issue. You want to do something historic try passing a term limits law for members of Congress so they can’t continue to give away money we don’t have in order to get reelected.
Now that would be historic.
The United States has a 14 TRILLION dollar debt load and that load will be raised as they borrow more money to pay the bills. We have an unfunded liability of 114 TRILLION dollars.
Those numbers are hard to comprehend so here is a demonstration of our debt in graphic display. This should send chills down your spine and it should certainly put it in perspective.
And please, don’t tell the morons in DC what comes after a TRILLION…
Never surrender, never submit.