The Obama Government came out today and predicted a budget deficit of $9 trillion over the next decade. How can we function like that? How can the rest of the world take the US seriously when it will be so far underwater? At the end of the decade the debt will equal 75% of the entire American economy as we will owe almost $20 trillion dollars!
Politicians have to stop the ridiculous spending! Now! We have to tighten the belt and do without some things. When I don't have enough income then I stop buying things. I do not go out and charge and charge and wrack up more debt.
We the voters need to take a stand and let Congress and the President know that this type of rampant spending is not productive for the long term future of the United States. Period. There are two options.
Raise taxes or cut spending. Raising taxes in this economic environment is not productive. The answer: quit throwing money around.
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