Originally Posted by Tom.Jay61
It's alot worse than we think:
First, the deficit is vastly worse than the movie portrays. The movie sticks with the nonissue: the on-budget debt of $15 trillion, which is chump change, while never mentioning the central problem: the $222 trillion present value of the unfunded liabilities
of the off-budget deficit, meaning the deficits of politically sacrosanct Social Security and Medicare. This is the heart of the federal government's highly entertaining Punch and Judy show over the deficit, with Paul Ryan as Punch and Obama cross-dressing as Judy.
Yes it is ! BUT until we get back to "BASE-LINE BUDGETING"
(using REAL numbers-that Nixon eliminated in the early 70's giving Dems and open checkbook) our debt will never be dealt with regardless of spending less.