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Getting a grip on the realities
of the federal budget

Creators Syndicate, by Scott Rasmussen

Original Article

Posted By:mikkins2, 2/16/2014 7:02:20 AM

The big story about the federal budget this week was the Republican Party´s struggle to deal with raising the debt ceiling. Last year´s big budget story was President Obama and the Democrats coming to grips with the so-called sequester, a policy gimmick that modestly slowed the growth of federal spending. Neither of these storylines came anywhere close to dealing with reality. The two teams of Washington insiders get hung up on these side issues because they´re better at symbolism than substance. For substance, start with the fact that the federal government is not $17 trillion in debt. That figure excludes

Comments:
Both sides of the isle would rather stick their fingers in their ears and scream "La La La!" repeatedly until people give up wanting to talk about the federal budget, let alone do anything substantial to fix whats wrong with it.

Got Tea?

      


Post Reply  

Reply 1 - Posted by: rustycfc, 2/16/2014 8:51:19 AM     (No. 9734511)

medicare,medicade and federal military spending. just cut the waste in these programs.

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Reply 2 - Posted by: TOOTALL, 2/16/2014 9:54:21 AM     (No. 9734601)

It´s hopeless. They´re all crooks!! Especially Kantor. Who removed the banon insider trading for family members on recent Wall Street bailout legislation.

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Reply 3 - Posted by: rc1776, 2/16/2014 11:26:29 AM     (No. 9734709)

We mere taxpaying smucks feel like lil´ Jack must have when he gazed up that big beanstalk.
This old country boy has to budget to buy a "brick" of 22 long rifles for pest control, and can not comprehend the numbers the feral reserve and MF&MFCT* toss around.

Mostly Fascist & Malignant Feral Caliphate Terrorists

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Reply 4 - Posted by: craige, 2/16/2014 4:18:40 PM     (No. 9735005)

For consideration: Budget for this year is 3.5 trillion. Interest is around 210 Billion.
Federal debt will be at least 20 trillion by the time Obama leaves office.
20 trillion at 5% is 1 trillion a year in Just Interest. And interest rates will probably rise.

We are looking at extreme inflation due to borrowing to pay debt interest. Or default. The only way out is growth, which seems unlikely considering our politicians.

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