Congratulations. We just barely missed a government shutdown last week.
Let’s be honest, no one really wanted to see the government shut down. According to Nancy Pelosi, grandpa wouldn’t get his social security check, and puppies would start dying; so that’s never a good thing. I can tell you what most American’s do want to see though is a government that is fiscally responsible. American’s are becoming more and more frustrated with a government that continues to spend significantly more than it takes in. That is a government that will ultimately destroy itself.
You have those on the left and those on the right looking for someone to blame. When all else fails, blame the tea party. It’s a reasonable, semi-proven effective strategy.
The tea party was not to blame for a potential government shutdown. Sure, Dems can attack this group of sweet little old ladies and former war vets who are trying to promote what you call “efficient government,” but the average American tends to see through the rhetoric.
What we have had over the past few years is a government that fiscally, is spiraling out of control. We have to come to a solution.
The disparity between money coming in and money going out in Washington has gotten so bad that the federal government now must borrow 40% of everything it spends. Since President Obama has taken office we have seen fiscal deficits in the $1.3 – $1.7 trillion dollar range. This is unsustainable.
“While it’s absolutely essential to live within our means, while we are absolutely committed to working with Democrats and Republicans to find further savings and to look at the whole range of budget issues, we can’t sacrifice our future in the process” -President Barack Obama
Unfortunately, Mr. President, from a fiscal standpoint our future is almost lost.
Under Obama’s budget plan, annual deficits through fiscal year 2021 will add a combined $7.2 trillion to the federal debt — including lofty deficits of $1.6 trillion this year and $1.1 trillion in 2012, and lesser deficits of $768 billion in 2013, $645 billion in 2014 and $607 billion in 2015 and $649 billion in 2016. The $1.6 trillion deficit projection for this year is equal to nearly 11 percent of the gross domestic product, making it the biggest gap between spending and revenues since the end of World War II. (Fiscal Times)
This “reduction” of deficits relies on massive tax increases from the current healthcare bill, and is not the result of reduced spending.
In the midst of the government shutdown, the administration agreed to cut discretionary spending for the rest of FY 2011 by $39 billion less than had been budgeted for the previous year and $79 billion less than Obama had wanted for 2011. This amounts to just barely 2% of overall spending. $39 billion was not nearly enough.
In a statement shortly after the budget agreement was reached, Obama called it “the largest annual spending cut in our history.”
He is exactly right. But when you compare it to the fact that 2010 was one of the largest annual spending years in our nations history, this accomplishment seems to loose its zeal.
Congrats, we evaded a government shutdown. And another congrats to the fact that we’ve still managed to mortgage the shiznit out of our future.
I think the Republicans need a spokesperson like Dr. Evil. I like where he was going with that $100 billion number.