The tyranny of
the exponential curve – when applied to debt – is that the overall levels of indebtedness double in shorter and shorter time periods making the two images [above and below-left] both correct. The real time
US Debt Clock says that right now the US National Debt is north of 16.4 trillion dollars and is growing at over 155 million dollars per/hour, mind boggling eh.
Meanwhile the Republican thugs blame out-of-control spending on 'entitlements' while the Democratic thugs blame the Bush Tax cuts for the problem. As the graph shows the problem didn't start 4 years ago or 8 or 12. The problem is that the US government refuses to live within its means. Like your household or mine, the US government's budget can only be tamed by either increasing revenue or cutting spending. These basic math issues were why the 'automatic budget sequestration' was enacted in 2011. But of course, just like in your household, it's not easy to earn more or spend less. Someone is bound to get upset because they have to work longer hours and continue driving their beater around.
With the military and other undisclosed 'security' spending at over 60% of discretionary spending it's obvious who should get a trim. That's where the whole budget balancing game falls apart, that's why neither side can allow the automatic budget sequestration to kick in, that's why Congress quietly
kicked the impending Debt Ceiling crisis down the road a few months just like they did for sequestration.
Here's The Mud Report's way to look at the Debt Ceiling: Let's say, You come home from work and find there has been a sewer backup in your neighborhood....and your home has sewage all the way up to your ceilings. What do you think you should do ......
Raise the ceilings, or remove the shit?
There was only one politician in the Presidential race willing to propose the necessary type of massive cuts to
the Pentagon's bloated budget - Ron Paul - and he was ignored at times, ridiculed at others. Now, after Paul's retirement and Dennis Kucinich's gerrymandered demise there's only the lonely sound of
Vermont's Bernie Sanders' voice in Washington's beltway wilderness. Last time the Wall Street gurus and military industrial complex ran the US into this kinda trouble FDR and WW!! came along...wonder who and what war will happen this time.
