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EDITORIAL
Deficit panel
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The president's deficit commission held its first meeting Tuesday at the White House, and Barack Obama heralded its mission with hollow rhetoric reminiscent of his campaign.
"For years, folks in Washington deferred politically difficult decisions and avoided telling hard truths about the nature of the problem," the Democrat said, as though his own administration and his tenure in the Senate weren't part of the problem.
Reining in out-of-control deficit spending "will require that we put politics aside -- that we think more about the next generation than the next election," Mr. Obama said -- after blaming George W. Bush for forcing a budget deficit of $1.3 trillion on him "the day I walked into this door."
There is no putting politics aside when it comes to federal spending -- ever. That's precisely why Washington has run up the national debt to nearly $13 trillion, with the country's credit card balance expected to approach $25 trillion by 2020. To say nothing of the $56.4 trillion in promised entitlement benefits there's no money for.
The members of his bipartisan commission could recommend raising the Social Security and Medicare eligibility ages to 75, means-testing benefits, shuttering one-third of the federal bureaucracy, cutting military spending in half, creating a 10 percent national sales tax and slashing the salary of every federal employee by 15 percent and Washington would still have trillions of dollars in debt and unfunded liabilities.
The federal government's deficit spending is that bad.
And the most politically palatable way to deal with such an imminent threat to the economy is job-crushing tax hikes?
It's the spending, stupid.
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Please just don't touch the war funding! I'm making a ton of cash in defense contract funding. I love Bush and the Iraq war. Too bad about all our dead soldiers though...
blah, blah, blah.....that is all we hear from the LVRJ editorial board.
Hi Vinney,
He probably wrote it. He hates President Barack Hussein Obama and Democrats in general, because they are succeeding:
1. saving the economy from economic collapse.
2. reigning the banks.
3. passing the Health Care Bill, which was brillant.
4. President Obama is the MOST respected President in the WORLD and a way of hell SMARTER than Vinney, the so-called Libertarian.
5. And President Obama will pass an Immigration Bill.
You, the LVRJ are just jealous because he succeded where President Bush could NOT.
VINNEY IS A LOSER!!!
Later alligator,
Las Vegas, NV
ANONYMOUS SPEAKS WITH WISDOM.MORE AND MORE PEOPLE WILL REALIZE THAT THE ONLY SOLUTION IS A CONTROLLED UNRAVELLING OF THE CURRENT SYSTEM.
SPENDING CUTS WILL BE LIGHT AND TAX INCREASES HEAVY.THIS WILL CAUSE THE NEXT AND LAST LEG DOWN IN THE INEVITABLE FINAL MELTDOWN.THROW IN A REASONABLE EXPECTATION OF KATIA GOING ON A 2 YEAR RIP AND THE AVARICE OF HUMANKINDS CURRENT SHAKY CIVILIZATION WILL BE EXPOSED.