President Obama's budget spends more than it takes in by $1.75 trillion. He shouldn't stand for that and cut at least $1.8 trillion out of his spending proposals.
Yes, that's trillion with a "t." He can start by cutting out the big bailouts and let the system self-adjust, as painful as it will be. All they have to do is protect the value of the U.S. currency, as is Constitutionally required. That will leave him about $800 billion to cut in spending.
He should make these cuts now, and inject the system with a bit of self-discipline, which will help us more in the long run, rather than loaning billions to companies that will fail, unless they learn how to take in more than they spend.
But the socialists won't allow that to happen. They'll keep throwing other people's money at the problem until we are teetering on the brink. How many more problems are they going to create in trying to solve the current ones?
No comments:
Post a Comment