CS Monitor: Debt deal reached in a story of Washington compromise
..."the lowest level of domestic spending since Dwight Eisenhower was president"...
Monday, August 01, 2011
Cutting Entitlements, Cutting Domestic Spending
Read it and weep, "the lowest level of domestic spending since Dwight Eisenhower was president". Domestic spending means entitlements. Entitlements are the programs that keep poor people from utter utter destitution and help buoy the middle class. Here's what we are going to see in the near future - an official never ending stagnant unemployment rate of around 10% but in reality its twice that, a lot more poor people living in gutters, more crime, miserable health care, a lot more poor seniors, a lot more people hanging on by a thread.
CS Monitor: Debt deal reached in a story of Washington compromise
CS Monitor: Debt deal reached in a story of Washington compromise
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3 comments:
Good analysis. The elites have decided in their lack of wisdom that we can handle 50% unemployment if necessary and that Somalia as a model is fine as long as they have all the GUNS.
I don't get Obama. He's elected as a liberal. Three years later he's acting like he's the lackey for the Tea Party. If I just came into the political scene in the USA I would think that the President has virtually no power and no clout. He's a figurehead for whoever is running Congress. And to keep him in power, they are threatening with a Bachmann who actually may very well win. Unbelievable. The Democrats are horrible, horrible.
Democrats, they're acting more like 19th century Whigs.
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