I have to wonder what good cutting 100 billion in spending on people and programs will do when government keeps digging the hole deeper with 30 year treasury auctions? In March gov. auctioned off over 12 billion dollars in 30 year treasury bonds. It is interest that we will owe someone else for 30 years. At a rate of 12-15 billion dollars monthly in new debt issued the gov. will quickly erase any savings in spending even 100 billion. Of all the news broadcasts I have seen recently no one is talking about this….but there it is dark, ominous, and looming. Government will just spend less on us and keep digging the hole.
Leave a Reply
You must be logged in to post a comment.