If this article from the AP is even close to being right, then our budget is mostly smoke and mirrors that could result in even bigger problems than just the 400 TRILLION deficit for the coming year.
http://www.gopusa.com/news/2008/february/0205_budget_ta
xes.shtmlThis entire budget, trillions worth, all depends on the democratic congress passing all of the Bush tax cuts, making them permanent and also doing nothing to the AMT which will screw some 25 million or more people if yearly or permanent fixes are not done, along with so many other assumptions that it would be near impossible for them all to come true.
This is just so irresponsible. How in the world can our elected officials continue this insanity of spending the country into bankruptcy? Our currency is already lost compared to other world currencies, especially the Euro.
If the world oil markets decide to change from using and pricing oil in dollars, to pricing it in Euro's, we will end up hoping for the good old days of $4.00 gas.
This kind of spending is hurting our kids that are not even born yet. Look at the portion of all of our money that goes to just paying interest to China and others. If we continue to spend this way, it could in short order be the biggest portion of our budgets.
When the Chinese find it in their best interest to do so, they will call in all of those trillions in debt we have with them. Our economy will be destroyed overnight, making the great depression look pretty good by comparison. Since we can no longer build what we need or even feed ourselves we will be in the position that we will need foreign aid to survive.
You want to be there? I don't but I don't know what to do about it. For the last year I have called so much I have my politicians numbers in memory,. visited their offices on many occasions and wrote everyone from the President to the Senate and House to all of my Texas officials. All I ever got from any of them was pandering.
They all seem to have forgotten that the country is supposed to come before all else and forcing them back to that ideal I think is not possible.