rickrick91 saidRepub House Speaker John Boehner laid an egg with his latest move on the debt deal negotiations - and now there's dissension in the ranks of the Repub party as teabaggers react with disgust to Boehner's backdown.
When the reports are $4 trillion in spending cuts over 10 years, what exactly does that mean? (Hint: Most of the cuts are scheduled to happen in the "out years" of the 10 year period, which means that future Congresses and Presidents will simply disregard them).
Even if we took that $4 trillion and spread it over 10 years evenly, that means that our annual deficit would go from the current $1.65 trillion to $1.25 trillion.
So, over the 10 year period we would add $12.5 trillion to the national debt.
Unfortunately, we have a very weak Speaker of the House who appears to be continuing the age old traditions in Washington DC of these spending gimmicks.
Any kind of "deficit reduction" over "x years" is basically a failure to address the real problem, which is that Washington DC is addicted to spending.