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Are you serious?

By Armstrong Williams - 03/22/11 01:52 PM ET

During the Bush era I thought his budget deficit of several hundred billion dollars was irresponsible, until this new crop of leaders found their way into Congress and gave new meaning to the word. They incurred budget deficits of $1.5 trillion. The Democrats' proposal to eliminate a mere $6 billion to close the deficit is a joke, and we all should be insulted by this gesture. It's like sending one slice of bread to feed Haitian refugees after the earthquake in Port-au-Prince.

Six billion dollars toward our deficit is less than two-tenths of 1 percent of the total budget. It's equivalent to somebody with a $45,000 yearly income who spends $65,000 a year trying to reduce his $20,000 overspending by $80 a year or someone with a $10,000 credit card bill making payments of $20 a year. It will take 500 years to pay off the credit card bill at 0 percent interest.

Congress needs to make a credible effort to trim spending, before our nation becomes another bankrupt state like Argentina.


Source:
http://thehill.com/blogs/pundits-blog/economy-a-budget/151261-are-you-serious
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