Tag: Government Spending

Here is some thought provoking commentary from one of our members on the phoney debt ceiling debate going on in Washington D.C…. If anyone is by chance is still holding their breath about US debt and the current negotiations, feel free to relax. Everything they are “scrambling” to do in Washington right now means, yep, absolutely nothing. No matter what they pass, even if it was 5 trillion, 6 trillion, 8 trillion……….does not matter. Why, because they can call it a cut all they want to but it is not. The spending increases (NOT THE DEBT BUT SPENDING INCREASES) by law are set to increase every two year cycle. The negotiations for this current debt discussion are associated with a 10 year projection. Yes, some like Rush and other radio guys will tell you that the AUTOMATIC spending increases over the next ten years will amount to 9 to 10 trillion dollars. That is above current day spending. So, do that math and cut 8 trillion dollars and the net result is not a cut at all but a 2 TRILLION DOLLAR INCREASE THAT THEY CALL AN 8 TRILLION DOLLAR CUT………….. Yea, that kind of accounting gets the average business…