Quote:
Originally Posted by JimJoe
Paul Ryan and the Repubs are trumpeting and the Liberals are screaming he will save $6 trillion from the President's budget over TEN YEARS...
The current year's ANNUAL deficit adds $1.65 TRILLION to the DEBT EVERY YEAR. and they are projected to continue for more than 10 years.
Under Ryan's budget he will add approximately $10 TRILLION to the $14.3 TRILLION NATIONAL DEBT. (1.6 trillion minus the 600 billion ryan cuts, equals an annual DEFICIT of 1 trillion.)
He takes us from the current 14.3 trillion to 24 trillion NATIONAL DEBT in 10 years! It delays fiscal collapse but it does not even come close to preventing it.That is not solution, is continues the problem. Maybe there is no solution.
God Help Us.
JJ
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It may not be the total solution, although after reading the editorial in today's Wall Street Journal it is clear that this is a start as Chinese philosopher Lao-tzu observed, "A journey of a thousand miles begins with a single step."
This can be that single step. I applaud Congressman Ryan's initiative - this required stepping out and leading, something that has been missing for a long time in our nation's capitol.