Neal Barton's POV

Better to take a haircut now


POSTED: Monday, February 14, 2011 - 6:42pm

UPDATED: Wednesday, February 16, 2011 - 2:40pm

How troubling to read this headline today in the Washington Times. President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years' time.

Okay, let's slow things down.

President obama says Back in the 90s our debt was only 3 trillion.

Then, we went nuts spending. And this includes when republicans were in charge and George W. Bush was sitting in the big chair.

Now look where we are.

We know what happened this past election and this election was about spending.

But now that it's over, many Republicans-- which is usually the party of slow down spending-- are back in D.C. making token cuts to the debt  like- let's cut 31 billion.

Senator Rand Paul makes the best case of wanting to cut 500 billion and that had most Dems and some Republicans screaming.

But even if we cut 500 billion, more than 80% of what we owe remains.

It all boils down to this, the new Tea Party folks are in D.C and I know its tempting.

The lobbyist are all out with the shrimp and meatball appetizers.

But it's up to these people who went to D.C. to shut this spending down to stand firm.

As I hear one conservative say this past weekend, we are going to take a financial haircut. We are going to have to pay for this.

I'd rather make the tough cuts right now and do it they way we want to do it, than take
the haircut later on which would come from the economy.

Comments News Comments

This fox Obama is proposing a ridiculous Budget, hoping the republican House will shut down the government, take the blame and re-elect him ,,,,,right out of Clinton's playbook. What this fool does not understand is that the Dems hold the Senate and will take half the blame. Harry Reid will be Obama's undoing. He represents the poison pill of fiscal irresponsibility.

When it comes to failed Liberal Progressive experiments paid for WITH OTHER PEOPLE's MONEY,,,It's pay me a little now,or pay me alot more later,,,Later is NOW. When Jesse Jackson was overheard on the mike threateening to cut off Obama's nuts,,,he must have accomplished the job. Too bad he didn't give him a haircut along with it. Can the money printing presses be far behind. Bernake is pumping 600 billion in printed money between Jan-Jun to float the economy,,,Yes some Turds do float.

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