Monday, June 27, 2011

Budget and debt talks move to the White House

Talks aimed at raising the debt ceiling while cutting spending move to the White House

The Democrats are treating this like a negotiation, as if there is anything to negotiate. Didn't I write about this already? If you "spread the wealth" without creating it, you are going to go broke eventually. The government is broke, so in order for it to continue spending as before, it must get money from somewhere. Do they really expect the Republicans to just hand it over?

On the other hand, even if the Republicans hand it over, this doesn't solve the problem. The problem is that you are spending more than what you are taking in, and unless you can turn that around, merely spending until you are really broke accomplishes nothing.

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