In case you are not used to reading the kind of numbers that the title references, it is $2 trillion dollars. It's still hard for me to grasp trillions. Growing up, the only time I heard the word trillion mentioned was when I went to the planetarium and tour guides talked about how far stars are from earth. Today, politicians throw a trillion dollars around like it is commonplace.
And on the early Sunday morning political beltway tv shows, cries for compromise were heard over and over and over. Guests and hosts alike were astounded that the Republican party is drawing a hard line in the sand and, so far, seemingly standing firm on cutting spending. Examples were discussed such as Abraham Lincoln admiring Henry Clay for his ability to compromise and make both sides happy. It was a strange comparison to me in that I am confident that issues were different in the 1860's. And I remember reading about a big war between the states that Lincoln didn't compromise on.
So why not compromise with the debt ceiling and spending issue?
First of all, the leftist, Statist, liberals in this country have not compromised for decades and decades. It seems the debt ceiling is always raised with promises to cut spending, but the "spending cuts" part of the deal never happens. The reason that spending cuts never happen is because of the fuzzy math that liberals use. For example, if I asked my wife to work with me to cut the budget, most of us would assume that would mean the monthly budget would be less the following month. However, if I did math like is used in Washington, my budget could grow from $5000 to $5200 the following month. How? Well, Dena would come back to me after working on our budget and say something like, " We projected an increase for the following month and we would have spent $5500, so I cut the projection by $300 and saved us $200." The key words here are "projected an increase" and that is why our debt continues to rise and spending is never really cut.
Secondly, there is an amount that is being bantered about in Congress right now for a spending cut. That amount is projected to be cut is forecast over the next 10 years. The same equal amount that is being considered to be cut is the amount that is spent every 10 minutes due to Obama's increased spending. Ten years to cut 10 minutes worth of spending? It doesn't seem like much of a compromise on the Democrat's side to me.
Last of all, the dirty little secret that the media won't talk about and that spineless RINO's won't mention is that if we raise the debt ceiling and don't have considerable spending cuts, "loaner" nations will most likely see our political system as being completely broken and will downgrade our dollar. When the dollar is downgraded, it will affect all of us because America's local banks hold the most U.S currency in the world. In other words, your IRA, your 401K, and your savings will all be affected.
I challenge all of you to do something about this issue. Write your Congressman and tell them to hold firm and demand significant, meaningful spending cuts. Enough is enough.
http://www.contactingthecongress.org/
http://www.senate.gov/general/contact_information/senators_cfm.cfm
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