I am with you Tsing Tao, I just do not see any other realistic way to get the federal govt to make any significant cuts to spending. The fact is that they just cannot stop themselves. They will always find a reason to put things off. Even if the economy gets better, they will postpone things in order to "not jeopardize the recovery" or some other excuse. In a few years the country will be $20 trillion in debt and when interest rates begin to rise... Maybe they believe that they can print money forever...no consequences, no reprecussions. No one in the US govt seems to be willing to take any amount of significant short term pain, even for the long term health of the country. That CNBC crowd is always talking about how dangerous the national debt and annual defict is, but as soon as a meaningful solution...the Fiscal Cliff...comes around, they act like its a doomsday pact or something. Unfortunately where I work I am forced to listen to that nonsense all day.
Dipshits like rcg and ak will realize it sooner than others as they think big gubment is gonna save their sorry asses when the shtf.
The fiscal cliff is 31 days away. Obama vacation starts on Dec 17th. -------------- Obama wants to eliminate Congress approval for raising the debt ceiling. Obama hasn't submitted a "budget" in years.
I do not think that budgets are even needed anymore. The federal government will just spend endlessly and print into infinity. $20 trillion, $30 trillion, $40 trillion in debt it does not matter to them. I guess the politicians have it all figured out...if you can print money without end, then you just cannot go bankrupt. Even if you somehow manage to ruin a nation's finances you cannot be overthrown, because you were elected.
The problem is they will never accept responsibility. The media will agree with them that the problem is rich people not paying their fair share and hoarding their wealth. Did liberals accept any repsonsibility for the housing crisis, even though they largely were responsible for it? No, they blamed George Bush.