On Wed, 30 Mar 2011 07:47:27 -0400, "Stormin Mormon"
wrote:
snip
I'm not sure the Zero administration has any plans to reduce
the deficit, or the debt. That will be left to later admin.
snip
==========
It has been observed that life is what occurs while you are
making other plans...

Current news is that the true Republicans and financial
conservatives are refusing to even consider additional
continuing resolutions so the federal government is
scheduled to begin shutting down 08 April until a new budget
can be enacted.

Even more critical in the slightly longer term is not only
the refusal of the true Republicans and the new tea-party
affiliated members of Congress to vote for any increase in
the national debt, but their avowed intentions to "spike"
[prevent] even the consideration of such increase in either
house.

It should be crystal clear the politicians at every level of
government in the US will spend every cent they can get
their hands on, and the only way to prevent financial/fiscal
disaster is to chop the money tree down, i.e. no increase in
the debt limit. To be sure this will cause great hardship
and upheaval for many people, but nothing approaching the
universal catastrophe of a fiscal crisis with sovereign debt
default that is sure to occur in a few years if the US
national debt limit is again increased or, god forbid,
removed.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).