Even A $20 Trillion U.S. Deficit Ceiling Won't Be Enough!

[No DUplicitous DUpe]

Even A $20 Trillion U.S. Deficit Ceiling Won't Be Enough!
(posted with permission from http://sane-ramblings.blogspot.com/2011/06/even-20-trillion-us-deficit-cap-is-not.html)

The current deficit ceiling is $14.3 trillion but our government has already zoomed past it. But then the deficit ceiling was always just a political creation, an illusion to convince the public our government is doing something about its out of control spending.

In the 200 years prior to President George W. Bush, the U.S. deficit reached $5.7 trillion. While in office, Mr. Bush took it to $10.7 trillion, nearly equalling that spent by all 42 prior presidents combined. President Obama in his brief 21/2 years in office quickly took it to $14.35 trillion.

The Democrats and Republicans blame each other while both spend staggering and growing amounts of money on the military industrial complex, charging all of it to the U.S.'s credit card, as our nation sinks in red ink.

Both political parties are discussing "cuts" to the deficit of a trillion dollars "in ten years." But the deficit needs a trillion dollar cut this year, as it will easily hit $1.4 trillion or more. And those "cuts" as politicians mean them are simply a reduction in the rate of deficit growth, nothing that will ever balance a budget.

Don't be fooled. If you are a U.S. citizen, you had better get involved before your government spends you and your savings into oblivion. Your voice matters. Please raise it loud enough so they can hear it in Washington and across the world, to hold your government accountable.

[SDuderstadt]

1. Your "source" apparently does not understand the difference between...

"debt" and "deficit".

[No DUplicitous DUpe]

3. I think that the author mixed up the two terms in the column...

..although I know that he knows the difference.
Thank you for pointing that out.

[SDuderstadt]

6. If he "knows" the difference...

he wouldn't commit such an egregious error.

[Romulox]

2. *Not a penny* may be cut from the Fed. budget, but Congress isn't concerned about the President's

war in Libya?

:shrug:

[kentuck]

4. I think you are adding Bush's last deficit of $1.3 trillion to Obama's tab?

Which included $700 billion for TARP bailout.

[Tierra_y_Libertad]

5. We should find cheaper bogeymen for the MIC to "protect" us from.

The one's they've been trotting out aren't even scary and they charge too much.

[Gregorian]

7. America has a welfare monkey on it's back.

Let the military industry operate under free market principals rather than the forced handout we pay them by working two hours out of every day for them.

[lib2DaBone]

8. Do we need 700 Military bases spread over the entire globe?

Why are we still occupying Japan and Germany... 65 years after winning the war?

Corrupt leaders and $$$$$, just what Ike warned us about.

These Imperial Wars are destroying the USA.

[No DUplicitous DUpe]

9. Re:"These Imperial Wars are destroying the USA."

And all the damage in the last 10 years has been self-inflicted.