WASHINGTON, July 30, 2013 ― The lines are now drawn in the budget battle.
Treasury Secretary Jack Lew hit the talk show circuit Sunday to announce that President Obama will veto any spending bill or a continuing spending resolution that includes spending cuts.
According to Obama and the Democrats, there is not a dime that can be cut from the Federal Government. There is not a cent that can be eliminated from the Federal Budget.
The Government Accountability Office just released a report showing that the Natural Resources Conservation Services made $10.6 million in payments to people between 2008 and 2012. The only problem with those payments is the people they were sending the payments to were dead.
In the same time frame, the Department of Agriculture sent $22 million in payments to farmers who had been dead for at least two years.
In parts of New York, food stamp recipients are taking the food they buy with EBT cards, putting it in barrels and shipping it to the Caribbean.
But according to Obama, we cannot cut a dime from the budget.
Citizens Against Government Waste comes up with a list every year that it calls “Prime Cuts.” These are programs that can be cut from the government because they are totally wasteful. This year alone they came up with cuts that would total $580.6 billion in the first year.
But Obama and the Democrats tell us the government needs every cent it can get.
Insanity is described as trying the same thing over and over again and expecting a different result. That is especially true with Obamanomics.
Obama believes we must expand government spending and increase debt to unsustainable levels. History has shown every time a government tries that, it fails. Just look at Greece, Spain, Portugal, Zimbabwe or Argentina. Or for that matter, just look at Detroit.
According to former Congressmen Chris Cox and Bill Archer, America has actual liabilities of $86.8 trillion in future spending for Social Security, Medicare and Federal Retirement spending. That is 550 percent of our gross domestic product. As Obamacare kicks in, that figure is going to rise dramatically.
As our debt increases, sooner or later, lenders will start to call the United States a credit risk. At some point they will realize our debt along with our liabilities are so huge that we will never be able to pay them off. Then the costs of our borrowing will skyrocket. We will not be able to borrow to cover our expenses anymore.
In short, the United States will be like Detroit.
Not only is there money in the budget that can be eliminated because it is simply waste, we have to make some hard choices on spending. We have to eliminate a lot of spending before it is too late.
It may be too late now.
Recall that description of insanity. With Obama’s demands that we continue our reckless levels of spending, Americans are faced with two equally unpleasant possibilities: Either Obama is totally delusional, or he wants the result that always comes with massive overspending.
Either way, America’s future does not look good.
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