I don't know doodley dick about finance but I have managed to grasp the concept of cut spending = cut the deficit, whats so difficult to understand.

The Presidents Deficit Commission, which by the way could be considered in some circles to be an oxymoron, failed to gain the necessary votes to move forward with any plan at least until the new Congress convenes in January. There appeared to be consensus among the members until the issue of raising taxes was mentioned and until Nancy Pelosi objected because of proposed cuts in spending that would have a direct effect on her grossly wasteful programs.

Most republicans are in favor of the cuts in spending that are going to have to be made in order to keep the country from going broke, they are however against the tax increases that have been suggested even though they know that there are going to be some if we are ever going to be solvent again. The Democrats say they will go along but they refuse to stop spending, which even a non-finance person like myself knows will only put us closer to disaster. All I can figure is that they feel a tax and spend policy will bring socialism to the United States that much quicker.

American voters should be proud of the fact that they were able to catch this lot of scum that are out to destroy our way of life and impose one that no American has ever experienced. Remember, socialism/communism takes away any incentive to get ahead and that is contrary to Americans.

"Depression and mass unemployment are not caused by the free market, but by government interference in the economy".
Ludwig von Mises
1881 - 1973
Economist and social philosopher. caped from NAZI Germany

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