As Obama has announced that he will push for a full rollback of the Sequester Cuts on top of his additional proposed spending, what is about the Deficit that Politicians just don't get?
Under Obama we have seen our Deficit Skyrocket. We are going deeper and deeper into debt. How far can we go into debt before we collapse?
Everybody knows that you can't continue to spend above your means forever. Eventually those bills come due. When and how far is that away for the United States?
Eventually there will be a day of reckoning for the United States.
We have done nothing to cut the deficit. Yes we keep hearing about how we are cutting our deficit, but that is simply a play on language. Obama says that he is cutting the deficit spending, but what he really means is that he is borrowing less money than he was. He is still spending more than we take in, He is just not borrowing as much per year as he was.
The only true way to cut the deficit is to start making the tough decisions. Start living within a budget that only spends what we take in. We can't keep spending money that we simply don't have. We actually have to spend less than we actually make and start paying off this deficit.
The problem is that we can't do that in the environment that we currently have. Everyone agrees that we need to cut spending, they just don't want anything cut that might affect them.
It really isn't that hard. Politicians have to start making the tough decisions. We need to take a hard look and make the necessary cuts. If we make the necessary cuts to get spending under control, then I think that you could raise taxes on an interim basis to help pay off the deficit.
The problem we have now is that people don't want to pay in more when it will only be spent on more things and not help the deficit. We refuse to give them more and more of our money when they can't control what they are spending now.
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