Huh. I wonder what happened between 2000 and 2010 to make the national debt more than double like that?
I'll think of it in a minute, I'm sure. Whatever the reason, Obama has to cut earmarks, wasteful spending, foreign aid, institute pay-go and of course there's only so much he can tax the rich...but of course he has to consider the big money:
The only way to really lasso the debt situation, budget experts say, is to make a serious attempt to curb spending growth and boost taxes across the board, but particularly with respect to Medicare and Social Security.He has no choice according to "budget experts".
That will inevitably mean a reduction in the benefits promised to future retirees and a host of other castor-oil-type remedies that won't garner much applause from the electorate.
No comments:
Post a Comment