Damn, this man is unfathomably stupid.
I guess the left got tired of the people pointing out that the Senate hasn’t come up with a budget and the prez hasn’t released a serious one…… ever! So, they rolled up their sleeves and have, apparently, come up with two idiotic budget plans. We haven’t seen the details, but, both have stated that they’re seeking a “balanced” approach. In left speak, that’s taxes and imaginary spending cuts.
But, what they don’t do, is actually balance the budget. Here’s what Zero had to say about it in an interview……
“Paul Ryan, today, put forward his budget,” says ABC, “and he says, he’s challenging you to come forward with a budget that also reaches balance. Are you going to do that?”
“No,” Obama says. “My goal is not chase a balanced budget just for the sake of balance.”
Sophist imbecile. No one seeks a balanced budget for the sake of a balanced budget. We all wish unicorns and money trees were real, but, as it turns out, they are not!
There is a limit to spending without paying for it. And for those who don’t believe we’re not paying for some of it right now, let me show you something……..
2011 and 2012 haven’t been finalized, but those are pretty accurate, as well as 2013.
This is the maintenance we have to pay on our debt. See the drop at 2009 and 2010? That’s because our economy went to crap! The crappier the economy the lower the interest paid. But, we’re at the bottom of the interest now. It’s not going to get any lower. This is just to maintain the debt! This year we’re going to spend about $362 billion on maintaining our debt! Or, over 4 times the amount of the sequester cuts!!
You see that projection? That’s if we actually get an economy that doesn’t suck. But, if it does continue to suck and if we continue deficit spending, we’re still going to be spending $500 billion every year on our debt maintenance. Next year, our interest payments will be equal to the amount of spending we do for welfare. That’s next year!!! By 2016, just 3 years from now it will be the 4th largest government expenditure behind pensions, health care, and defense. If we don’t balance the budget, 4 years after that, we’ll be spending more on our interest than we will on defense, and likely become the nation’s largest expense. This isn’t optional expenses. It is something which must be paid in order to continue to finance the rest of government.
I can’t stress the expediency needed to avoid this catastrophe. The can can’t be kicked down the road much further. There’s a piper at the end of the road and he’ll want paid.