U.S. National Debt Completely and Totally Out of Control

Is the debt ceiling deal supposed to be some sort of a cruel joke?  Is this what the American people have been waiting months and months for?  The “debt ceiling deal from hell” is a complete and total fraud.  Barack Obama will not need to worry about the debt ceiling again until after the 2012 election, and no “real” spending cuts will happen until after the 2012 election.  The way the political game in Washington D.C. is played today, if you don’t get something right now, you probably will never end up getting it.  The Republicans have traded a massive debt ceiling increase right now for the possibility of very skimpy budget cuts in the future.  Meanwhile, this deal establishes a new “Super Congress” that threatens to fundamentally alter our political system (and not in a good way).  The funny thing is that everyone is running around proclaiming that the Tea Party won this battle.  That is a complete and total lie.

So what about the $917 billion in “immediate” spending cuts that the Republicans are getting as part of this deal?

Well, they aren’t really spending cuts at all.  Rather, they are spending caps.  Basically what is happening is that future spending increases are being cancelled and our politicians are selling that to us as…

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1 Comment

  1. tony

    October 3, 2012 at 8:47 am

    It is this debt that will be the cause of the collapse of the USA. It didnt have to happen. But when politicians are running the place, their only concern is continued reelection and this is what we get…..a country that is broke and than will always be broke, the debt now way to large to ever pay back. Armageddon is coming….but it wont come from some other country….it is coming from within by our elected fools.

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