Crying for America: In The Valley of the Shadow of Debt

So Congress finally passed a budget bill... but it's terrible.

First, they raised the debt ceiling, which is practically a guarantee that our national debt will increase by the allowable amount.

Second, they committed to spending cuts but didn't specify what they will be. They are just pushing the tough decisions to someone else... or until after they get re-elected. That's cowardly. Any proposal for cuts is sure to be met with strong opposition... either by the other party who hates the proposal or by the leader's own party who hates the sacrifice. They got elected to be leaders not to campaign for their next election. I don't care if they get re-elected, I just want the country's problems solved!

Third, they require a vote next year on measures to cut the budget... but they can just vote against the cuts and still meet the requirement!

Fourth, they only require 2.4 trillion in deficit reduction over the next 10 years... but we have almost 15 trillion dollars of debt. So that's not nearly fast enough. We need to cut spending NOW to levels that will reduce our deficit by about 1 trillion a year... so that we have a hope of getting out of this mess in 15-20 years and not saddle our children with this problem.  By the way, this means that we can't just balance the budget... we have to tilt it in the other direction.

Neither Democrats nor Republicans have what it takes to solve the nation's economic trouble. Only Libertarians have what it takes to cut the government's spending to sustainable levels.