Today we woke to the news that Congress and the President have come to a historic deal to solve the debt crisis. First of all that headline is extremely misleading, actually it's a lie. Let's do some simple math. The budget we don't have calls for an increase of federal spending of 8%. So the 1.3 trillion dollars we spent last year above and beyond what we collected in tax revenue automatically will be increased by about $300 billion dollars. Now the rocket scientists,(I call them rocket scientists because they apparently aren't math majors) in Washington have reduced the additional spending we couldn't pay for before by 8%, or $24 billion dollars. So instead of being overspent by $2.1 trillion we will only be overspent by $1.576 trillion. This is the kind of accounting that got Enron executives thrown in jail, which is not a bad idea for anyone who accepts this treasonist concept as something good for our country.
If you remember a few posts back I suggested they weren't serious about addressing our nation's debt because of the verbiage they were using when discussing it. All this proposal will do is require us to raise the debt ceiling once again in approximately two more years. It does absolutely zippo to create solvency. We all need to get on the phone and express our feeling to our representative in both the House and the Senate, because this is not a plan to address fiscal responsibility, it's a plan to bankrupt our country. We have turned our Treasury over to a bunch of crack head like spend-oholics. If we love our country, we must free ourselves from the tyranny of financial irresponsibility.
It sticks out like a sore thumb when leadership is lacking!