Cutting the wrong spending assuredly makes sense.
America's GNP growth over the years has decreased the percentage
, but at the expense of our external Trade debt, created through deficits, now cumulative
ly over $7 Trillion dollars (that's Trillions with a big "T" folks!) that we "owe" to China, Suadi Arabia, Venezuela, and others, many not our "friends" or "economica
lly" friendly only so long as the checks keep coming. So, we really have two deficits to worry about, our trade deficits (external) and our spending debt (internal)
.
This is not heading to a good place.
"Class, can we say Greece and the Euro?"
"Can we say entitlemen
ts, and nation building?"
"Can we say...enou
gh!"
About AfghanistanRead the Article at HuffingtonPost
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