The LSM is at it again and shilling for the political class that is destroying this country:
One thing you won’t hear when President Obama delivers his State of the Union address Tuesday: An ambitious new plan to rein in the debt.
In recent days, the White House has pressed the message that, if policymakers can agree on a strategy for replacing across-the-board spending cuts set to hit next month, the president will pretty much have achieved his debt-reduction goals.
“Over the last few years, Democrats and Republicans have come together and cut our deficit [over the next decade] by more than $2.5 trillion through a balanced mix of spending cuts and higher tax rates for the wealthiest Americans. That’s more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties say we need to stabilize our debt,” Obama said during his weekend radio address.
By the administration’s math, Washington needs to enact only another $1.5 trillion in 10-year savings to hit the $4 trillion target, White House economic adviser Jason Furman told reporters last week. At $1.2 trillion, the automatic cuts, known as the sequester, quite nearly fit the bill.
The problem with this scenario? It would indeed stabilize the national debt, compared with the broader economy, for the next 10 years. But the debt would fluctuate between 73 percent and 77 percent of gross domestic product, according to new projections by the nonpartisan Congressional Budget Office — the highest level in U.S. history except for the period after World War II.
Oh what a pile of bullshit! These fuckers, in both parties, have cut squat. They have reduced planned increases and put on paper cuts that will not happen until decades from now, which all but quarantine on past historical precedent there will be no cuts. The fact is that we now have $16.5 trillion in debt obligations, and are growing it by a fat trillion plus a year at the minimum. By the time Obama leaves, we will likely be at or over $25 trillion of debt if we keep things going the way they are. Wait until Obamacare kicks in man. And someone else, at a much later time, we are talking at least a decade away, is supposed to do spending cuts. HEH! Right.
We are hosed. Do not believe the LSM when they tell you either party is doing anything serious to tackle the debt. The donkeys certainly are not, and they are trying to set a new record for debt obligations due to excessive government largesse to the parasitic. The republicans don’t have a clue how to sell the cuts that would need to happen, and frankly, I doubt they want them either, because they would lose power doing so. We are burned toast. Watch the state of the Union. Obama is going to promise more free shit, and jobs too! And someone else will pay for it all. Yeah, sure. I used to think the people that warned me to invest in canned food, heavy metals – silver, gold, and lead – and learn how to survive on your own where all bonkers, but these days I am wondering if I am not the one that is insane.