It’s all political theater — and bad theater at that.
The idea that Washington, both the legislative and executive branches, expect the taxpaying public to take them seriously when they drone on about the necessity of “cutting spending” is absurd on its face.
These are the people who, over the past 100 years (next month) since Woodrow Wilson was elected president, have brought us to where our federal agencies spend at least a trillion dollars more every year than the government takes in.
And now they’re out there this week braying about how $85 billion in spending cuts next fiscal year will be the death of us all. That’s $85 billion in a $3.8 trillion budget, $1 trillion of which we’ll have to borrow from the Chinese or other sources purchasing our treasury bills backed by money that the federal government is printing and pumping into the market.