When A Big Deal Is Diddly Squat

Maggies Farm is always amusing and informative.  That’s where I found this:

It has been said before; “when something can’t go on forever…it won’t”.  This can’t go on forever.  Baby Boomers are retiring and American government spending has been unhinged for decades.  Cuts are not coming; they are here.  They may be disguised as inflation, shortages, “unexpected” emergencies, or otherwise but they’re here.

Going to the wire to cut 38 billion on a budget like ours means both parties are willfully irresponsible.  They’ll be spectators as our auto-pilot bureaucracy irretrievable grinds into unalterable fiscal limits.  It’ll be a good show.

The good news is, it could be worse.  We’re not Zimbabwe yet.  Enjoy it while you can.

About AdaptiveCurmudgeon

Adaptive Curmudgeon is handsome, brave, and wise.

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0 Responses to When A Big Deal Is Diddly Squat

  1. bluesun says:

    Though I am rather cynical by nature, if you want to pretend to have hope, I just read somewhere that Boehner said that the “next fight will be about Trillions, not Billions.” So perhaps they caved just so they could move on and start on next years budget.

  2. skippystalin says:

    I’d be a little concerned about the veracity of the chart insofar as it shows 2009 as being an Obama budget. Since that fiscal year would have started on October 1, 2008, it wasn’t. That budget, and the first half of TARP, were all Bush.

    That’s not to excuse Obama, but if people are going to lie about something that basic …

  3. Pingback: When A Big Deal Is Diddly Squat: Part II | The Adaptive Curmudgeon's Blog

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