Friday, February 11, 2011

How often do we hear politicians speak about the need and desire to cut spending to curb national debt?  Almost everyone agrees that there is a problem.  Check out the US Debt Clock for real time analysis of the current situation.  What is unfortunate is that if you reference the list of largest budget items on that website, Joe Scarborough of the Politico points out that neither major political party will consider touching any of those items.  Politicians only focus on discretionary spending items and ignore areas that could have the largest impact.  Until politicians are willing to start considering cuts to Pentagon spending, Medicare, Social Security, and other “off limits” expenditures, we are doomed to  digging a hole too deep to get out of.

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