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Barack Obama´s leviathan:
even when the US government
is shutdown, it´s still too big

Telegraph [UK], by Tim Stanley

Original Article

Posted By:Attercliffe, 10/9/2013 9:14:06 AM

America has learned a lot about itself during the shutdown. For one, it´s discovered that certain words have lost their meaning. Barack Obama said yesterday that he will compromise but he won´t negotiate, that he´s prepared to discuss the budget but won´t actually talk about it with the GOP. [Snip] Boehner was so confused that at his press conference he slurred a few of his words and swayed from side to side. Someone should buy the guy a beer. Another thing that Americans have found is that even when government has been shutdown it´s still too darn big. The shutdown

      


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Reply 1 - Posted by: Clinger, 10/9/2013 9:57:22 AM     (No. 9557307)

The government is 17% shut down but was borrowing 40% to augment over what it takes in via taxes. I reckon that leaves it at 23% too big to sustain a debt limit of $17trillion without even addressing a means of paying down the debt. Since the people´s income is down to 1995 levels how about we cut spending to 1995 levels or roughly $2.2T. At 2012 revenue levels that would allow us to pay down $300B every year so in a mere 56 years we are whole. This doesn´t address unfunded liabilities mind you. This is how deep the hole has become.

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Reply 2 - Posted by: Blue-Z-Anna, 10/9/2013 10:04:01 AM     (No. 9557322)

Unfunded liabilities are the ´Dark Matter´ of our indebtedness. 5% visable...95% invisable.

Figures don´t lie but liars do figure.

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