- #491
Al68
You're absolutely right. They're bickering over $60 billion dollars in cuts from a $1600 billion dollar deficit. The number they end up with is pretty irrelevant, since any compromise in between the spending cuts currently proposed by each side is a sure path to insolvency.Aknazer said:Another issue I see (and this isn't aimed at anyone group of people, but more of an overarching issue) is that things in general have just gotten pretty out of hand and a simple compromise might not be enough to handle the issue. This is best highlighted with the federal debt and deficit levels where we continue to borrow roughly .40 for every $1 that we spend and a debt level of over 14 trillion dollars ($14,000,000,000,000+ is a lot of zeros). A simple compromise between the two sides would likely still keep us deep in the red...
They need to just refuse to raise the debt limit, absent significant spending reform. That would be a $1600 billion per year spending cut right there. Just the right amount. For now.