When it comes to the nation's debt, payback time might be here.
Years of low tax rates and rising federal spending, amplified by the devastating economic effect of the Great Recession, have driven the U.S. borrowing tab to more than $16 trillion from less than $1 trillion in 1981.
Deficit reduction has become the dominant issue in Washington. The first major tax increase since 1993 took effect last month. And large automatic spending cuts - $1.2 trillion in the next decade - are set to kick in Friday.
The result: Average Americans are starting to feel the pain.
Jim Lincoln wrote: One has to remember the Republican have prostituted themselves to the Plutocracy of this country. This should be a wake up call to vote them out of office.
I agree, all of the current Republicans should be replaced, in fact, the current administration should be fired as well, or even impeached for what they have done to this once great, strong, respected country. I would love to be able to start fresh with normal, everyday, people who have the proper financial, leadership, economical, moral, and ethical experience and values backing them. Out with the power elitists, out with the arrogant, out with the blatantly irresponsible, out with the weak, out with the theives, and out with being able to buy ones way into office. My ultimate wish? In with a bonafide, born again, Christ centered man who will use the Bible to rule the land, God given wisdom to make wise choices, and prayer to make certain all is done according to His will. Well, we can dream...
Jim Lincoln wrote: excerpt from, buffet rule, etc.Democrats considering 'Buffett Rule' as swap for sequester cuts. One has to remember the Republican have prostituted themselves to the Plutocracy of this country. This should be a wake up call to vote them out of office.
The only time the Republicans prostitute themselves is when they act like Democrats. You're right, those Republicans should be put out of office.
Oh, and quoting the LA Times quoting Harry Reid speaking Obamanese "balanced approach" of all things? You know Jim, you need not check reality at SA's door.