Sunday, July 31, 2011

It's Time To Suck It Up And Pay Our Bill

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 cumulative­ly 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 "economica­lly" 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 entitlemen­ts, and nation building?"

"Can we say...enou­gh!"
About Afghanistan
Read the Article at HuffingtonPost

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