Dems defend Obama on debt, say balancing budget now a bad idea

Greece isn't in trouble because they all of a sudden decided to cut spending.

The reason for cutting spending is irrelevant - the point is that the government cut spending, and the economy contracted.

The official figure for Thursday was $15,990,541,092,391.91.

Treasury hasn’t published the Friday figure yet; it may very well have crossed 16 terabucks on Friday.

The Dems are right, but that's not relevant. In the real world, even the most Tea Party friendly Congress imaginable would not balance the 2013 budget as soon as they convened. The right answer is to start moving toward a balanced budget - and to start now. I would like to see the budget cut by $600B in real spending relative to the previous year for 2013, another $500B for 2014, and $400B for 2015. Even doing all of that and cutting $300B in 2016 would still leave our federal government a little too large, but that is probably the best overall strategy we could follow. By spreading the cuts over several years, we avoid a single terrible economic blow. Also, but cutting sooner, we make the cuts before the federal government fully grows into its current inflated spending scale.

The Dems are right in a sense, and we should agree to follow their lead. We shouldn't cut real spending by $1.5B a year in the next fiscal year. Rather we should cut spending by at least $1.8B a year, but we should phase in those cuts over four years, with the phase in slightly front loaded.

An idea that is on topic and should be spread to R’s campaign. Remember the movie “Dave”. Any decent accountant could balance a budget. Problem is the politicians don’t want to cut anything. In the instant case, Dems refuse to cut anything. Obama is still handing out money to friends as fast as Big Ben can print it. Cut every program, authority etc... to the bare bones. Eliminate if neccessary.. Just cutting BO’s travel and vacations would save a nice percentage and show the way.

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