Wednesday, January 23, 2013

Our Debt, the President and Congress


The President and Congress have kicked the can down the road again.  We have increased taxation on the so called wealthy that will bring in enough income to pay our bills for approximately 6 days.  Meanwhile, we run a deficit each year of approximately $1.3 Trillion and this new agreement will actually decrease the deficit to $1.25 Trillion.  Whoopee!.  Our political leaders are only concerned with power and getting re-elected.  As we keep printing money to pay our debt, our 401K, Social Security and savings become worth less while the price of goods and services naturally increase. We have a spending problem, not an income problem.  Cutting spending at least $500 billion in 2013 is what is needed, but our elected officials like to give us numbers over a 10 year period that sound good, but is not the answer.  This is like the former Soviet Union that would come up with a new 5 year plan every 2 years and we know how that worked.  A new Congress every 2 years will kill any 10 year plan and we know the news media will not address how serious our deficit problem really is since they are providing cover for this administration and its reckless spending.   

Since 50% of the voters are dumb and another 25% are clueless, the only choice we may have is to stock up on non-perishable food items for what awaits us.  We are going to make Greece seem like a 50 year high school reunion.

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