The Epic American Credit and Bond Bubble Laboratory Message Board

To: FreedomForAll who wrote (109614)	2/16/2011 7:19:50 AM
From: mindmeld	Read Replies (3) of 109993

Freedom, here's another zoomable graphic on Obama's budget. nytimes.com From this chart, I found out that most of the Treasury spend is interest on our debt. So it's not discretionary. We can't cut the Treasury expenses. Oops. Also, Medicare, Medicaid, and Social Security can't be cut by Obama either. Only Congress can cut those, because those are also mandatory spending by law. Oops. We're so ff__cked. Congress won't change the laws and the biggest cut Obama can make is to the military, which will only get us a 1/3 cut in the deficit, even if we did cut $500M from it. All I can say is the writing is on the wall. We WILL NOT solve this problem until we hit the wall and our debt explodes and our currency, stock market, and economy collapses as a result. It's now only a question of when will that happen, not if.