Monday, May 11, 2009

Bankrupt America

UPDATE: The title says it all. Read The New York Times, Estimate of Budget Deficit Now Tops $1.84 Trillion.

Holy bankrupt America, bat-taxpayers, that's a lot of money! The government can't even figure out how to cut $100 million from the budget, "about 13 minutes of federal spending, and 0.0029 percent -- about a quarter of one-hundredth of 1 percent -- of $3.5 trillion."

The real question is not how much we want to tax, but how much we want to spend. Read The New York Times, The G.D.P. Question.

Tax reform won't work unless there is spending reform.