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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
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France, the United Kingdom and the United States, among other countries, face a need to erase or reduce budget deficits to address a longer-term problem of growing national debt.
The economies of Portugal, Italy, Greece and Spain are an example of what can happen if countries don't address these issues sooner rather than later.
The U.K. and France have taken draconian, unpopular steps to tackle the problem, but the United States so far is avoiding the issue. The Republicans are babbling on about cutting the deficit and reducing the debt, but, when asked where specific cuts can be made, offer nothing. The Democrats indicate they may understand the problem better, but, on the eve of the midterm elections, they cite the danger of cutting government expenditures when the economy is in recession, even though economists claim it isn't....
There may be reason to believe that after the U.S. elections next week, the Obama administration and Congress, whatever its coloration may be by that time, will address the American version of this pressing problem. Tempting though it may be for Washington's leadership to pretend otherwise, a $1 trillion-plus deficit and a soaring $13 trillion debt simply cannot be ignored.
Read it all.
Filed under: * Economics, Politics Economy The U.S. Government Budget The National Deficit Politics in General * International News & Commentary England / UK Europe France

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2. Dale Rye wrote:
Yes, saving less than $2 million is going to make a really huge dent in a $1 trillion deficit. Where are you going to come up with the other $999,998 million? October 27, 4:08 pm | [comment link] |
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4. Septuagenarian wrote:
I have a bigger cut. How about cancelling any more work on the border fence? That is a total waste of money—it won’t stop anyone from entering the country illegally or the flow of drugs into the country. I just saved nearly $50 billion. Only $949,998 million yet to go. October 27, 6:16 pm | [comment link] |
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5. Br. Michael wrote:
Then 2 and 4, let’s admit that it can’t be done. October 27, 6:30 pm | [comment link] |
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6. Br. Michael wrote:
Here is a break down of NPR’s funding: According to information available from the NPR website, local radio station money comes from the following sources: October 28, 7:51 am | [comment link] |
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7. J. Champlin wrote:
I have no love for NPR. For what it’s worth, I have no love for the Democratic party as currently organized or health care reform as passed. However, that this thread devolved into a rant about NPR is a precise illustration of the point the editorial is making—there is no proportion between the political rhetoric and the problems. Whatever a body thinks about NPR (in my case, not much, so let’s agree to defund it), it’s simply irrelevant to the problem under discussion. October 28, 9:42 am | [comment link] |
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8. Br. Michael wrote:
Well the point is that the government seems to be unable to cut anything. October 28, 10:41 am | [comment link] |
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9. Septuagenarian wrote:
And that includes wasteful items in the conservative agenda, like the border fence, the war on drugs, the defense budget. For example, even when the defense department wants to cancel a defense contract or close a military base the Congressmen and Senators (of either party) block the move. And we have curious fiscal conservatives like Joe Barton patting himself on the back for voting agains the stimulus bill and health reform bill also praising the ground breaking a new clinic in his district—funded by grants from the stimulus and health bills. And, of course, although he is a long term Washington insider incumbent, his constituents will vote for him in November because he votes against “wasteful spending” and works for federal spending projects in his district. October 28, 12:52 pm | [comment link] |
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10. Septuagenarian wrote:
Br. Michael, if tax deductions are indirect government support of NPR, then we must also admit that tax deductions are indirect support of churches. Or is your proposal to eliminate tax deductions to all charitable not for profit organizations including churches, private schools and universities, etc.? October 28, 12:56 pm | [comment link] |
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11. Br. Michael wrote:
10, just NPR. A lot of the Republicans don’t walk the talk and should be held accountable. October 28, 3:47 pm | [comment link] |
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The absolute minute a Republican suggests cutting anything the Democrats will demagogue it as killing granny and wanting to throw babies into the street.
We need to make the cuts and BOTH parties, as well as ordinary citizens, need to belly up to the bar and do this. De-funding NPR is a good place to start.
October 27, 2:24 pm | [comment link]