On Sun, 20 Feb 2011 12:41:45 -0700, Canuck57
wrote:

On 19/02/2011 7:09 PM, wrote:

Did you know 74% of Whitehouse staff got a 9% raise last year? Piggies
are having a feast while others suffer.

Cutting half of the DoD budget is a good start but if you ignore
SS/Medicare you will never get a handle on the deficit.

The rest may be good symbolism but they are insignificant.

Agreed. The cuts have to go deep and *no* sacred cows spared. Even
congressional, senate and administration budgets need the big axe.
Duplicated agencies collapsed into one with massively reduced budgets.
What, is there 5 or 7 housing agencies? Why not one that is color
blind? Or why even have a housing agency as states/cities do their own
civic planning?

The cuts will need to be deep to be effective.

But it is also why I am betting they will not do it. Sad to say, US
government bankruptcy is inevitable as I don't believe in politicians
being this "American" to save the country from eventual currency based
bankruptcy. $60 billion is hardly a scratch. Thy need another $1,600
billion. The cuts are not even 5% of what is needed to balance up. A
joke really.

Now if congress refuses the debt/money expansion say for 3 months and DC
government checks bounce to send the message... I will re-assess the
politicians desire to remain solvent.

Until then people need to start thinking of currency as a rapidly
depreciating asset. $1 today is effectively $0.95 next week in
purchasing power.

Fortunately, you have no say in what happens in this great country.