When we increase the debt for TARP to save 2Big2Fail bankers from bankruptcy we all cry. Congress claims victory. Both sides, both Senate and House.Same for Stimulus and Obama Care. All three over $800 billion dollars expenditures each.
Then we cut the Budget a paltry $38 billion 3 months ago and again both sides claim victory for making tough decisions. Today it was announced new legislation to slash $3.7 trillion dollars from the deficit.
The slashing announcement precedes the announcement for increases of $4 trillion more to the national debt to meet our immediate Oligopoly needs. The cuts are spread over ten years, whereas the debt increase is immediate.
So, is it possible to increase the debt hole 4 trillion dollars and cut the debt $3.7 trillion and still claim victory for both sides in both Senate and House?
What am I missing here? Aren't we still $ 18 trillion dollars in debt tomorrow?
Burma Shave
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