Sen. Rand Paul reminds us that the debt compromise only cuts from the “baseline;” that is, it only cuts from projected increases so we’ll still be adding $7 trillion to the debt over the next 10 years. As he says, this is sickening.
To paraphrase Jim DeMint: When you’re speeding toward the edge of a cliff, you don’t set the cruise control. You stop the car.
The current deal to raise the debt ceiling doesn’t stop us from going over the fiscal cliff. At best, it slows us from going over it at 80 mph to going over it at 60 mph.
This plan never balances. The President called for a “balanced approach.” But the American people are calling for a balanced budget.
Seriously people, we need a balanced budget amendment. Our leaders will never figure out on their own that they shouldn’t buy stuff they cannot afford. We need to force them to stop the car, revoke their license, and turn it around ourselves.