The highly touted spending cuts we heard about in the main stream press said little about what would actually be done, and especially when. We knew that we were finally going to "cut-back" something. But that was about the sum of it.
SUPER FAILURE - The automatic spending cuts of $1.2
trillion that are now scheduled as a result of the
super-committee failing to reach any agreement will occur
over the 9 years from 2013-21. The $1.2 trillion represents
just 3% of the projected government spending ($40.3
trillion) over the 9-year period (source: Congressional
Now that we can see the figures in perspective to the whole picture it really is a pitiful amount of reduction when you consider we are $15,069 trillion dollars in debt, and it's growing exponentially at more than a trillion a year unless something is done to cut spending.
As we near the primaries I think that we are going to have to grill our prospective nominees about their position on the debt, and specifically what they will cut. In my time there never has been a true cut in spending in the budget. The cuts they claimed to be cuts, were simply reductions of planned increases; so, the federal spending has always gone up irrespective of what the politicians wanted us to believe.
We need to keep things in perspective, and not be over-whelmed by the size of the numbers were are discussing. They are important. The politicians will avoid them like the plague. It is not unlike a family arguing about how to stay within the budget you decided on at the beginning of the year, saying that you did have such a plan.
It would seem that unless, and until, we chase down our elected officials with zeal to cut back on spending, and this measure I posted is a mere drop in the bucket, it will be lost in the forth-coming rhetoric we will be subjected to during the campaign. I hope we all keep our politicians feet to the fire this election, so that we can truly start to cut-back on the out-of-control spending in Washington.
Let's not continue to have a "Super Failure," in the next Congress, but we should plan to have many "Super Successes," in reducing our spending over the next four year term starting with 2013. Not to mention the fact that we need to keep the pressure on the current Congress to go on a spending diet big time. The mind-set need to change, and the time is now.