I noticed that the ‘tea party’ had alot to say over this budget. I thought Dingy Hairy said they were insignificant. I can’t stand Boehner....he’s a baby.
For all our non-U.S. readers, you’re really going to be deeply entertained by this: After days of intense negotiations and media coverage, top political negotiators in the U.S. reached an agreement to “slash” government spending in what Obama called “the biggest annual spending cut in history!”
And yet, if you actually do the math, it’s only a $38.5 billion cut out of an annual budget that involves roughly $4 trillion in federal spending (depending on which system of accounting you believe, of course).
In other words, the so-called “cuts” are utterly insignificant. In fact, U.S. government debt went UP by $54 billion in just the 8 days preceding the Obama-Boehner deal (http://www.cnsnews.com/news/article/debt-jumped-54-billion-8-days-preceding), meaning that the $38.5 billion in federal spending cuts only delayed the total debt blowout of the U.S. government by less than a week!
You see, friends, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look downright chilly by comparison. I call it The Big Shutdown, and if you thought a few billion dollars in cuts were hard to swallow, just wait until the feds can’t issue paychecks to anyone.
All the weekend supposed conservative talking heads were giving high praise to the cry-baby. Maybe Rush will have a different take?