Saturday, December 18, 2010

Why Is It Difficult For Government To Cut Spending?

And why won't they cut spending? Why must firmly entrenched pork barrel spending continue at all levels of government? Has spending by government ever have an actual clean audit? Is all governmental spending efficient and free of fraud? At what level of deficit spending does government become bankrupt? At what level of governmental spending does their liabilities exceed their assets? Are we at that point at this time? Can a new Congress actually have the guts to reform taxes and cut spending at the same time to avoid bankruptcy?
Mr. Obama is no comeback kid, he has little economic education nor economic understanding of the two year debacle he has created. The reforms economically are simplistic. Ignore the biased media and leftist Democrats and cut spending and taxes. Create a plan to pay off the national debt. 2012 is around the corner and mercifully this administration and its failed economic policies will be gone.

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