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.

Image

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>