when the fluff stops flying the only thing that will work to reduce the debt is to reduce spending. And it has been obvious for many years that is not going to happen.
Knowing it is not going to happen and no intents or efforts to reduce spending only equates to remaining in debt. But those that are so knowledgeable of the continued spending and no reductions continue to add programs that require ADDITIONAL spending. Like those before him but with bigger numbers, Obama continues to raise the debt ceiling.
The tax increases being proposed will not amount to a drop in the bucket. The impact on the CONTINUING rising deficit will get lost in the rounding of the numbers.
I believe the politicians do not really care. I believe they have it calculated how far they can go while they are in office and continue business as usual, when they know it will not go bust during their tenure....BUT THEY KNOW IT WILL BE GOING BUST.
Without reduced spending and a balanced budget the only accomplishment will be CONTINUED JACKJAWING!!!!
btk
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