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Recommendations: 3
Low We need government to make sense. What happens with across the board cuts? Everyone tries to cut something that will cause pain so the funding comes back ASAP, it is a suckers bet from my experience.
As Perot used to say, "here's the deal". I think Mitt's proprosals are great and I will be behind him 100% after he is elected <g>. But I've been around long enough to know that Mitt's programs will be immediately chastised as baby/female/elderly/gay/black/Hispanic murdering machines by the dems and media. The fools in America will believe them. The dems will fillibuster any attempted spending cuts. They don't care. They want their Euro socialism and they will watch us melt to the ground financially until they get it.
In the 80's I saw the Reagan revolution that promised us a balanced budget turn into additional trillions of $ added to the debt.
I witnessed Perot in 92 and 96 try to talk some fiscal sense in America to no avail.
In the 1990's we had the 94 Republican revolution, massive tax inflows into gov't thanks to a strong economy, a direct benefit of Reagan's economic policies. We still added to the deficit. The 94 Repub revolution slowed Clinton and his dopes down some, but not much.
In the 2000's, we've justified massive gov't growth, defense spending and other spending based on terrorism and the banking crisis. We are at 16 trillion.
We will never learn. I don't even think we have the ballbearings to cut spending 1% across the board. It will never happen.
I'll be excited when Mitt beats our current Marxist leader. But I have little hope that things will turn around much as far as the debt is concerned.
Obamacare is going to speed things up and make it worse. Thanks John Roberts for wimping out on us.
The time bomb is ticking and getting close to exploding. Probably somewhere between 20 & 25 trillion.
decath
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