After reading this Wiki article about the US debt, I have to say I am well and truly frightened for my children. While I don't think the world will come to an end, I do think tough times are ahead, if they aren't already starting. I also notice that we owe over 7 Trillion dollars to the Federal Reserve. Why don't we revoke its charter, assume its assets and functions into the Federal Government and cut our national debt in half?
Why does no one in DC want to really deal with this? They can barely bring themselves to fight over 100 Billion in cuts right now. Really? $100,000,000,000.00 seems like a lot, and its 25% of discretionary spending, but since our projected deficit for the new budget is 1.1 Trillion, 100 Billion in cuts means our debt will still grow by ONE TRILLION DOLLARS during the next budget year alone.
We have to get this under control, I just don't know what the answer is going to be.
Friday, February 18, 2011
Wednesday, February 9, 2011
Bubba is feeling better, my first cousin Johnny, that I grew up next door to, and his wife welcomed a lovely little boy last night and my daughter is now over the flu. I am heading home from work and think I might stop off and get pizza for dinner. All is well. Now if the cold weather would abate long enough for me to get the 3 inches of ice off my driveway.