Originally Posted by
forgot to bid
I hear ya.
One of the funniest things about dropping the 8 digits to do this comparison is that the amount they talk about cutting from government is like $30 out of $35,000 and we're still only making $24,000. And that's $30 out of $35000 x baseline growth, not just $35,000.
It's mind boggling nuts. If you only make $2.4T a year, you should base your budget on $2.2T a year.
I am about the most debt averse person you can meet. The concept of spending more than you make is really, really foreign to the way I am wired. However, wrt the gubmint, they print the money and the fed controls the supply/value.
The bailouts of the past few years have shown us a window into how the gubmint thinks/reacts. I cannot say this with 100% certainty, but if past practice can be used to predict future results, the gubmint will spend until the cliff is 100% irrecoverable...Think ruble, 2001.