September 8, 2009

A simple question - when will the spending stop?

We are in the middle of a recession and the government keeps on spending. From The Hill:
Senate must raise debt ceiling above $12T
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.

The move will highlight the nation�s record debt, which has been central to Republican attacks against Democratic congressional leaders and President Barack Obama. The year�s deficit is expected to hit a record $1.6 trillion.
The comments are a good read. I liked this one from Michael Buchman:
When my money is short�I'm expected to review my priorities. I have to stop eating out and start paying bills.Congress needs to do the same thing. There are many programs which can be cut without impacting overall budget. Get real. Greater DEBT is not going to PAY OFF debt.
The ray of hope is that this is starting to polarize people on both sides of the aisle. The 2010 elections will be very interesting to say the least... Posted by DaveH at September 8, 2009 2:59 PM
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