More and more lawmakers in Washington are lining up to say we don’t have a spending problem and are ready to defend their massive deficits that add trillions to the debt. Washington can keep telling themselves spending isn’t a problem all they want, but everyone else knows it’s time for an intervention.
With four days to go until sequestration begins to take effect, news outlets are all asking the same question: “Are you telling me we can’t cut three cents out of a hundred in federal spending? Really? Really?!”
Y2K, the Mayan apocalypse …both are overblown doomsday scenarios that never quite panned out. Sequestration is just weeks away, and Washington has reverted to painting Americans a picture of the crisis that awaits them on the other side. However, if a three percent cut from the federal budget is all that stands between our economy and catastrophe, why won’t Washington offset the cuts and sidestep this crisis?
Some deny the U.S. has a spending problem, and others are absolutely, positively sure the debt going to take us under, but there is one thing they can all agree on: It’s time for a week-long break. The sequester spending cuts will take effect on March 1, and uncertainty is high over what will happen. Is it really the best time for a vacation?
Last night President Obama laid out a “wish list” of new spending proposals (and old spending proposals) to help finally stimulate the shrinking economy. So, after adding nearly $6 trillion to our national debt with spending programs that were supposed to bring us to near 5 percent unemployment today, we’re going to try it again. The difference? This time we’re supposedly going to do it without adding a single dime to the deficit.
We have a…spending problem? Or maybe it’s just a “paying-for”problem? Everyone in Washington seems a bit confused about what’s actually happening with our federal budget.
Entitlements are the biggest drivers of our debt. It’s time to reform Social Security and Medicare. Adding to the national debt is “unpatriotic” and “irresponsible.” These are some of the statements we heard from President Obama a few years ago regarding our fiscal mess.
Your media resource to Illinois’ pension problems: By The Numbers….
“Illinois is a poster child for pension abuses … One of my colleagues calls this child abuse because our children must pay for….” Jeremy Gold, pension expert
Get the facts on what the debt ceiling debate is really about and why it is important for Congress to tackle the disease—overspending—rather than place yet another band-aid on the wound by raising the debt ceiling….