White House and the Congress predict record deficits. Great. The story goes on to explain that they both use different accounting methods, and came up with slightly different numbers, but that they both predict deficits on the order of "we are screwed". No kidding. My 3rd grader predicted the same thing.
Now for the big question. If we are approaching record deficits, should we spend more or less money? I am speaking about the govt now. Should they spend more or less over the next few years? In most homes that are seeing drop in income, and an increase in what they owe, the obvious answer is to reduce spending. Our lawmakers never seem to see it this way though.
They will speak of how some have it so bad, and how we the people must give till it hurts, and how we must ration this and that, and how we should feel guilty if we even have a job, and ...you get the picture. But, they never seem to mention any type of program cuts. They never seem to get to the "this is what we are going to cut" part of the logic. Oh, we have less money. Then lets spend more. Oh, the citizens are broke and making les money. Then lets tax them more.
All of us in rational land are able to comprehend what less money to spend means. Most of our Marie Antoinettes in DC apparently either do not understand basic economics or do not care.
Myself and a whole lot more people in this country have had our fill of these fools.