Are you a part of the News/Talk 750 WSB VIP? Sign in or join now. Why join?
Text size: A A A
Jamie Dupree

The Deficit Goes Up, Up, Up

By
Jamie Dupree
@ December 5, 2008 12:00 AM
Permalink | Comments (2) | TrackBacks (0)
One more statistic that shows just how bad the fiscal situation is for the USA is that in the first two months of this fiscal year - October and November - the federal budget deficit was $408 billion.

Most of the time, that would be a bad year.

But this is just two months, which means we may be at a trillion dollars before we know it.

President Bush will leave town with a record overall deficit. Barack Obama says he will go "line by line" through the federal budget for cuts.

I would like to believe him, but I'm going to leave my hat on that says "CYNIC" on that one.

The problem is that going after pork barrel spending isn't the answer. Going after spending at say, the Education Department or the Commerce Department isn't the answer.

Yes, you can save some here and there, and it mounts up to real money.

But if you want to solve the current budget debacle, you have to do two things. You must reform Social Security and you must deal with Medicare and Medicaid spending.

Entitlement reform is what it is called.

No one wants to do, and all the while, that spending is on auto-pilot.

Each year, it goes up, up, up, without a vote of the Congress.

Let's just imagine that the yearly federal deficit comes to $1 trillion.

You could cut out the entire Pentagon budget and you would basically be about halfway there.

Then you can find all kinds of programs in what's known as non-defense discretionary spending - basically anything other than the military and intelligence.

And you would still have a hard time balancing the budget.

In the first four years of President Bush's time in office, non-defense discretionary grew twice as fast under the Bush Administration than under the Clinton Administration.

That was a finding of the Heritage Foundation, not exactly a left wing loony asylum.

The Bush White House refused to continue spending curbs that were put in place by the GOP Congress and President Clinton. So spending went up with the GOP in charge of the White House and Congress.

And most people expect spending will go up some more with a Democrat there, too.

And all the while, the deficit goes up. Someday, we will have to pay that bill of over $10 trillion.



0 TrackBacks

Listed below are links to blogs that reference this entry: The Deficit Goes Up, Up, Up.

TrackBack URL for this entry: http://wsbradio.com/blogging/mt-tb.cgi/14530


Avg. rating: N/A

What others are saying

  • Why?
    Why would most people expect spending to go up?
    The last democrat in the White House left it with budget surpluses.
  • entitlement spending
    America, the time bomb is ticking down.
    What do you do?
    What DO you DO?
send to a friend  view as printer-friendly  RSS feeds
advertisement

WSB 24-Hour Weather Center
Get the 5-day Forecast .

Atlanta weather

Partly Cloudy
87°F
5-day forecast | Hurricane Guide
advertisement

Marketplace

The Ford Law Firm
Do you have a legal question? Ask Tom Ford your question here. Submit a question
Allan Vigil Racing Fan Frenzy
Racing Fans, play the Allan Vigil Racing Fan Frenzy now! Click here for all the details.
Learn about the latest advancements in ACL repair from the doctors at Emory Healthcare. Listen to the podcast
Resurgens Spine Center
View our webinar “The Latest In Comprehensive Spine Care.” Watch now
advertisement
Atlanta Symphony Orchestra
Click here to find out what’s happening next at the Atlanta Symphony Orchestra
Piedmont Heart Institute
Click here to view the Heart Health and Knowing Your Score webinar.
New Orleans
Come out and Play! Get all the info you need to make your visit to New Orleans exciting and fun! More
Georgia Cancer Specialists
Click here to view GCS's video, "Seven Things You Should Know About Colon Cancer."
Stay ahead of the storm. Find evacuation routes, safety tips and more in the Hurricane Guide.
News Talk 750 WSB Mobile Access
News/Talk 750 WSB wants to make sure you can access our website anytime you want from any device. Click here to find out how.
Going Green
Help do your part to save water, reduce air pollution & greenhouse emissions. Go Green!
Georgia Bulldogs Radio Network
Your online connection to the Georgia Bulldogs Radio Network team!
Read the AJC and stay on top of everything in Atlanta! Get delivery for less than $2 a week!
Join Channel 2 Action News anchors John Pruitt and Monica Pearson at 5, 6, and 11pm.