On the news today one of the congressmen said under the current budget we are spending $100,000 a second of that 100,000 we are borrowing 40,000. Clearly we are not having a revinew problem. We are collecting 60,000 a second in taxes.
We need to figure out a way to only spend 50,000 a second and get rid of the debt. After all if we pay off the debt we can use the interest we are paying for other things.
Also they cuts they are talking about are base line cuts. A base line is a preset growth 7% lets say and if they only let the budget grow 5% they call it a 2% savings or cut.