As we reach a deal to supposedly resolve the fiscal cliff, Americans should be prepared to hold Washington accountable for it’s promises. LOL
In reality we are not solving much of anything other than making ourselves pleased with another successful kick of our problems down the road. Before we reach the can for another go we better hope the economy is humming along full tilt and federal revenue is pouring in. Good luck with that.
Here is the national debt as of 12/28/2012. Write the numbers down and check back on December 31, 2013 and see how we have done.
You would think that if we can’t cut current spending that in light of fiscal concerns we could at least restrain new spending. Alas, we can’t and we won’t.
Peter Piper picked a peck of pickled peppers. How many peppers did Peter Piper pick? Peter picked more than he could pay for with his maxed out credit card.
11,546,673,477,919.73 Debt Held by the Public
4,789,788,074,686.62 Intragovernmental Holdings
16,336,461,552,606.35 Total Public Debt Outstanding
There will be speeches, patting on backs, claims of we are still working on long term solutions and that more needs to be done, but this is a good compromise for now and we then will move toward a fight over raising the debt limit.
Think about that for a minute. Higher taxes, minimal cuts in spending and the next crisis is over how much further we go into debt as a nation.
Είμαστε Έλληνες, αλλά δεν έχουμε να φέρουν δώρα