Thread: Economics The Debt Ceiling Approacheth
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Old 01-06-2013, 05:38 PM   #42
cosmo20002 cosmo20002 is offline
Debunking your bullshit
 
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Quote:
Originally Posted by donkhater View Post
And spending the obscene amounts over revenues isn't idiotic? Don't you realize this last 'balanced solution' fixed about 6% of the budget deficit? If Obama and the Dems got DOUBLE of what they wanted, it may have gotten us 25% of the way there?

It's idiotic that our leaders responsible for the fiscal well being need this type of drastic maneuver to get anything remotely resembling a cut instead of just decreases in the baseline budget increases.

I'm not sure why you think trillion dollar deficits are OK. Reagan's relatively paltry deficits were criminal, but today's deficits are necessary? What do you think it's going to take before roughly 30% of federal expenditures are dealt with?
All of your post is a seperate issue. The money has been spent--authorized by the very Congress now saying they won't pay the bill when it is due.
This is about paying bills due on money already spent. End of story.
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