Saturday, February 23, 2013

We now have a "spending cut crisis?"

Boehner to Obama: You created spending cut crisis, you fix it.

This needs to be filed in the "you can't make this _hit up" folder. 

Let's see, we're monetizing our national debt because Zimbabwe,.. I mean China, Japan, other foreign nations and institutions are starting to wind down on the purchase of U. S. Treasury paper.

The federal government is printing/borrowing nearly half of what they spend. The annual budget deficit is 1.0 to 1.4 trillion depending on what moron you're listening to on Fox News or CNN. And the national debt is approaching 17 trillion dollars.

And with all this going on, these imbeciles in Washington: Boehner, Obama, (99% of them) are scared the "Sequester" will mean draconian spending cuts of.....85 billion? 

That's draconian, really?

Actually the 85 billion is an inflated number. Its already been proven by the CBO, the OBM, and I believe the WTF as well to be more like $44 billion. Read more here.

Projected spending for 2013 is right at 3.55 trillion. My degree in third grade math tells me that 44 billion is 1.24% of 3.55 trillion. And these guys/gals in Washington call that draconian? 

And we voted these people into office to solve these problems?

Really? 

Have we had enough yet?