Skip to comments.
Budget melodrama: Deficits, debt and disaster--- It’s just politics, not the end of the world
MarketWatch ^
| March 30, 2011, 12:27 p.m. EDT
| Darrell Delamaide
Posted on 03/30/2011 11:19:38 AM PDT by Ernest_at_the_Beach
Commentary: Its just politics, not the end of the world
WASHINGTON (MarketWatch) All this tiresome bickering over the budget kind of makes you want to shut down the federal government right away, or at least put politicians on mute.
While no one can say that the $50 billion separating the Democrats and Republicans in Congress is trivial, it is hardly earthshaking. It represents only 3% of a fiscal 2011 deficit currently projected at $1.645 trillion and just over 1% of the $3.8 trillion budget.
However, while much of the tedious drama in Washington is just so much posturing, there is a real chance the government will actually shut down when the current stopgap spending bill expires on April 8 because of failure to reach a compromise.
But even that, as we saw in 1995, is not the end of the world, in spite of the real hardship and considerable inconvenience it causes to innocent citizens not to mention the unfairness to government workers.
In fact, this reductio ad absurdum of the government budgeting process could be a welcome cathartic experience. Everyone could see again, as they did in 1995, that we really do need government and that tackling the deficit in this capricious manner serves nobodys interests.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Editorial; Extended News; Government; News/Current Events
KEYWORDS: budget; election2012; shutdown
To: Ernest_at_the_Beach
@ssclowns create a trillion dollars in new deficit in one yer and then nobody in Washington can figure our within 12 months how to roll it back? We are soooooooooooo screwed as a nation. Our state wants to leave this loony bin and operate as an independent nation. We cannot continue to be a part of this joke without destroying our freedom. You want revolution? You will get revolution...
2
posted on
03/30/2011 11:22:30 AM PDT
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: Ernest_at_the_Beach
Get real Darrell - 3% of the deficit is a start. It is better than nothing, better than 2.99%, but not as good as 100%. We need to get going, establish a momentum, sing louder than the left whiners. If we can't legislate let's be good cheer leaders - go, go, go!!
3
posted on
03/30/2011 11:27:33 AM PDT
by
elpadre
(AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
To: elpadre
Could not agree more. A lot of the present budget is contracts and other outlays which have already been promised. Fight for what we can and then hit them in the next budget right where it hurts.
4
posted on
03/30/2011 11:45:55 AM PDT
by
wbarmy
(I chose to be a sheepdog once I saw what happens to the sheep.)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson