"I see that there's been too much bipartisanship in creating the problem we've had. This crisis that we're in the midst of didn't pop up here in the last 60 days. It didn't pop up here in the last 8 years. It's taken serveral decades for us to get to this point where we are today in dealing with the budget that is just totally out of control.
Characteristically, the statistics that we hear when we talk about the budget are never reliable - especially when you're in a recession. In a recession, nobody can predict the revenues. The revenues are going to be a lot lower, and the expenditures are going to be a lot higher, so I am making a prediction that the spending will be over $4 trillion this year and that the deficit is going to be over $2 trillion.
The problem we face today isn't so much a budgetary problem, it's much different than that. The budget and the deficit is a symptom of something much more serious - and that is, what have we allowed our government to become?"
No comments:
Post a Comment