Budget talks are meaningless

‎- The US federal budget deficit for 2012 was $1.3 trillion.

- Military expenses (on and off budget) are going on $1.5 trillion/year.

- Entitlement expenses are $2 trillion/year and growing by $200B/year.

- Democrats’ proposed tax raise on $250k+ would net $40-50B/year.The tax raise is only a symbolic bargaining chip. It is meaningless to the budget, which is sacrosanct to both sides. Nothing but the interest rate cycle will stop this train.


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