Congress - Fail

Our country is like the Titanic with one major difference; the iceberg (our debt) is in plain view. Its distance to us it debatable but we can definitely, without question, see it and we are heading right for it.

Our Congress is the management staff or the Titanic, and their solution??? To move a few deck chairs around! From WAPO:
The Congressional Budget Office estimate shows that the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.
$352 MILLION from a deficit of 1,600,000 MILLION? A 0.022% decrease in borrowing?



No comments:

More stuff that broke around 1971

We've noted before  that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...