1.6 Trillion is Real Money

In a report to be released February 1st, the White House will predict a 1.6 trillion dollar budget deficit for the fiscal year ending September 30, 2010. That hole is even deeper than previously believed, according to the estimate by the White House's Office of Management and Budget. That makes the 20 billion President Obama proposes to cut by freezing some spending as very puny. This seems to indicate that the deficit will continue to hover at a level not seen since World War Two, when measured as a percentage of the economy. Last year the government posted a $1.4 trillion deficit.

How can our spending mad President and Democratic Congress expect to pass Health Care, fund Medicare and Social Security let alone reduce the deficits without major spending cuts and higher taxes?

Democrats have never been known as Budget balancers. The Clinton surpluses while welcome were fueled by an economy riding an economic bubble that burst mostly leaving us in the mess we are in now. Being fair, the Republican Congress spent like drunken sailors after gaining power seemingly trying to play catch up with the Dems that brought us years of deficit spending. Neither party did us any favors.
That brings us to the big question, how to get the debt reduced. Try as he might, President Obama can’t spend our way to prosperity. When we have to pay this debt back, the interest alone will eat up any new revenues the economy can produce. We find ourselves in a vicious circle. We need more and more money to pay off the debt while continuing to run the government and provide a defense and services taxpayers paid for. It’s impossible to provide both and still keep the economy on firm ground.
I hope voters will learn to accept the fact that for years into the future, our economy will be stifled and real growth will only be show with accounting tricks that Washington is so famous for.

The only solution is to vote for candidates that promise to go to Washington as Budget cutters then hold them accountable. Despite pleas by politicians, Government can be run as a business and run on a budget. Find those individuals and put them in office before it’s to late.