“We need a long term plan to cut spending, but it will not happen overnight.”
Why not?
At Obama’s spending rate we will reach the default limit for our debt in three years. At most Republicans’ spending rate we will do it in five.
How long is your long term?
To knowingly support either option while knowing the consequences is _ _ _ _ _ _?
I thought my post was pretty clear as to why. The fact that our entitlement programs and debt servicing costs consume virtually all of our tax revenues means that we will have to make some very difficult choices. Those who advocate not raising our current debt limit seem to be living in a fantasy world.
What cuts would you make to balance the budget this year and next? FYI: We will be reaching our debt ceiling limit in three months or less.
Check out this video to give you a glimmer of what we are facing.