Monday, January 4, 2010

There's Some Sort Of Relationship Here I Think

chart_debt_ceiling_123009.top.gif

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.

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.
He has no choice according to "budget experts".

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