Common sense missing in deficit discussions?

Sat Jul 30, 2011 1:40 AM EDT

I write this with the objective of being, well, objective. Our leaders believe they will avert the current "fiscal crisis" by increasing our deficit (borrowing) by 2.4 trillion, but at the same time "cutting" the budget by 2.4 trillion.

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congress, budget, politics, deficit, debt, ceiling, trillion

Latest Comments

FAA shutdown to continue as Congress leaves
Tue Aug 2, 2011
- Explain to me how giving up 16.5 million dollars in "free" money to rural airports, in return for 1.1 Billion is tearing down America? Its like saying "no I won't give you $1000.00 for 100K in return".Do you really think it is smart to subsize $3720.00 PER PASSENGER at one airport? I would gladly …
FAA shutdown to continue as Congress leaves
Tue Aug 2, 2011
- The only way left to end the shutdown is for the Senate to agree to a previously passed House bill containing $16.5 million cuts in air service subsidies to 13 rural communities that some Democrats — particularly Rockefeller — find objectionable.
FAA shutdown to continue as Congress leaves
Tue Aug 2, 2011
- We are in the midst of a budget crisis, looking for more income, and ways to cut expenses in government, but all leaders leave DC? This is the epitomy of hipocrisy. We will lose 1 Billion in tax revenues, because the legislature needs some R&R, after passing the debt ceiling bill.
Troops ask amid debt crisis: Will we get paid?
Sat Jul 30, 2011
- If elected officials in the Federal Government cannot balance the Federal Checkbook, the first people relieved of a paycheck should be them. This includes all staff, assistants, advisors etc. This is called having a "vested interest" in achieving the goal.
Troops ask amid debt crisis: Will we get paid?
Sat Jul 30, 2011
- If elected officials in the Federal Government cannot balance the Federal Checkbook, the first people that should not be paid are them. This includes all staff,assistants, advisors etc. This is called having a "vested interest" in achieving the goal.
The fallacy of believing higher taxes = higher tax revenue, or lower taxes = higher revenue.
Thu Nov 25, 2010
- Jesse, I have been reading some of your comments. Thank you! Just read one about the "strawman argument". I did not know there was a name for it, but have heard it over and over. Truly appreciate your intelligent enlightenment.
Common sense missing in deficit discussions?
Sat Jul 30, 2011
- Jon,
Steve King on default: Obama could be impeached
Mon Jul 25, 2011
- This scenario sounds like the precurser to a dictatorship. I don't know the acronym SCOTUS but hearing anyone elevate a single person to a level of ALL KNOWING is personally disturbing. Hate to say it but scenario's like this remind me of Germany decades ago.
Politics of Failure: For Boehner, Surprise Ending to a Wrenching Day - NYTimes.com
Thu Jul 28, 2011
- Question? Why do we have to borrow an additional 2.4 trillion, if we are cutting 2.4 trillion from the budget? If they cut 2.4 trillion, we would not need to borrow the money. Yes I know, it is "complicated". Having been on the hill a few times I know what this means. Smoke and mirrors.
Obama indicts himself as a failure. In his own words.
Sun Jul 24, 2011
- Just wanted to say I have enjoyed reading this string of comments. Finally some people who do some research, and take the time to explain, at length what and why they are taking their stance. As for raising the debt ceiling - ie. put off a solution after another election.

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