[rodguy911]

Few people understand just how deep in debt the country is.And then there are the treasury direct funded items that no one knows about only adding to the debacle.

To think that any of this can be managed without deep cuts in every phase of government we have is incredibly naive.

What's even worse is neither side,us or the demoncrats are able to talk about any of it since the DBM has made even the thought of budget cutting toxic for everyone who is dependent on politics for a living.

Once again that's why the slow but sure demise/death of the DBM is essential. Here in the New Media We can and will fulfill what they should have been doing all along.

[Son House]

Yep, too bad any Republicans went along with raising the debt-ceiling. They should have refused it, then detail the spending budget instead.

[kabar]

Agreed. Budget cuts in Washington mean a reduction in the rate of growth. We are hurtling towards the cliff and there seems to be a lack of urgency in addressing our problems. We are witnessing the collapse of the welfare state not only here but in Europe. It is unsustainable.

If interest rates return to their historical norms, we will be in a world of hurt with debt servicing costs alone amounting to almost a trillion dollars a year. The politicians of both parties are afraid to tell the public how bad things really are.