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. Objectively and mathematically, this is a complete wash (excluding interest on the borrowed money). So, why are we increasing our "debt limit"? If we have made 2.4 trillion in cuts, can't we refrain from borrowing another 2.4 trillion? My apologies if I am sounding overly simplistic. My intent is not to insult anyone's intelligence. The purpose is to slow everyone down and think about this objectively.
The budget crisis really is this simple. If we DID cut 2.4 trillion from the budget, today, we would not need to borrow 2.4 trillion. Wait, they say it is "complicated". This is where our sense of intelligence, snaps the trap shut. It is "complicated" because it is not what it is being presented to be. Here is my guess. We have made budget cuts of 2.4 trillion, BUT they take place over many years. Mathematics support the illogic being delivered to us. If we have to spend an additional 2.4 trillion to "keep the doors open" on government, and will be paying interest on this money - what happens when we add the trillions of dollars we are in debt (10-14 trillion?) plus interest to the additional 2.4 Trillion we are borrowing?
This is the best analogy I can come up with. I buy a new car and the payment is $800.00 over my monthly income. I use my credit card with a 10K limit to help offset my income shortage. Yes I will be able to make my payments for a few years, but then the interest and cash advances I am taking eventually catch up with me. Then what?
Based on the current solutions our leaders have come up with, we will have to revise the dictionary. Up and down are no longer opposites. Positive and negative, are no longer opposites. Why? Because the American people have accepted the idea that you can both borrow 2.4 trillion dollars, and at the same time "cut" or "save" 2.4 trillion dollars. Mathmetically the change is ZERO, but somehow we are "cutting" 2.4 trillion dollars in spending.
This is my objective and mathematical opinion.