The debt problem will be even harder to deal with then than it was now. The can can only be kicked down the road so far. As Margaret Thatcher was quoted as saying, 'the problem with socialism is that eventually you run out of other peoples money.'
Related: Diane Sawyer to Pelosi: Will Debt Deal ‘Hurt Real People?’
Since when does the federal government bear the burden of education funding? It is the single biggest item on my property tax which is local, not federal. Also, the rich pay far more than their fair share, while the bottom 51% pay no federal income tax at all, and the bottom 40% actually get money back.
UPDATE: Via memeorandum: Pelosi: My Deficit Committee Members Will Oppose All Entitlement Benefit Cuts. It doesn't matter that entitlements alone cost more than 100% of federal tax revenues from all sources, does it?
UPDATE: Via memeorandum: Pelosi: My Deficit Committee Members Will Oppose All Entitlement Benefit Cuts. It doesn't matter that entitlements alone cost more than 100% of federal tax revenues from all sources, does it?