Even if the Obama administration totally eradicates the deficit, the debt will still be there, but it won’t be growing. Right now, historically unprecedented deficit reduction is doing its job, keeping the growth of the Bush debt in check.
The bottom line is the deficit is in sharp decline. The sequester monster has little to do with the deficit or even the debt. And it’s not even really about taxes. That’s a smokescreen. The sequester, and all of the related fiscal “crises,” are really all about sabotaging our government’s ability to function and creating opportunities for private/corporate corruption and pillage.
More HERE.
