Theodore's World

Vilmar at Kicking and Screaming has the best analogy on this budget debacle.

It would be like you deciding that for the next year, you would cut $39 from your budget….for the entire year. However, that $39 ignores the fact that you are amassing $50 PER WEEK (or $2600 PER YEAR) ADDITIONAL DEBT above and beyond what you earn. AND that you ALREADY have hundreds of thousands of dollars of debt accrued

Col. West has more common sense in his little finger than most of the Congress combined. Of course also honesty also helps his points. I hope there is a great future ahead for him and the Tea Party and America.

I, too, am against the agreement. There weren't nearly enough cuts in the latest federal budget.

During the same time the negotiations were taking place over the last few weeks since the last Continuing Resolution, the interest accumulated on the public debt was more than the cuts they finally agreed to. Outrageous and sad, but stunningly true.

The public sector cannot continue to grow at this astonishing pace with a diminishing private sector that provides for everything. We need to expand the private sector and the tax base if we are ever to get out of these uncertain times.

Spending for all federal departments should have been lowered to 2007 levels before the huge run up by the last two Pelosi - Reid congresses later championed by this current occupant in the White House, the absolute worst American President in the history of our republic who continues to work not as an American citizen, but as a citizen of the world against the interests of his own people.

What happened economically in 2008 would have happened regardless of who was in the White House.

This President (whose name I refuse to write or utter) and his supporters continue to complain about what he inherited. They have no idea of what they inherited.

-and much less of what they will be leaving.

The deficit is 1.345 Trillion - 39 Billion the proposed cut. that leaves, 1.206 Trillion, if all things were equal. However, the interest on the Debt is over 204 Billion or about 17 Billion a month. So virtually this cut(??????) paid for a month and a half of the interest. BFD. Merely a drop in the bucket.

Also with Japans disaster, and them being our Number 2 creditor, if they start selling the bonds(treasury Bills) they bought we are going to be in more trouble, depending on who they get to buy those bills. Because we have to back that money with money WE DON'T HAVE.

Thank you all so much!!!!! GREAT input.

Bob thanks for telling me about Vilmars take on this. It is excellent.