What exactly was accomplished last night in DC with the “historic” budget cut? NADA.
The federal debt increased $54.1 billion in the eight DAYS preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid and House Speaker John Boehner to cut just $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September. Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increased by $653.4 billion.
Our national debt is above $14 trillion. And these “leaders” cut just a measly $38.5 billion? Do they not own a calculator? This is simply unsustainable.
There is clearly no leadership in DC. Do not forget this “historic” cut when it comes to 2012!
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