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» Titanic 3:

Titanic 3

Posted by on April 20, 2011 at 12:58 pm.

The current budget projections by both the republicans and the democrats reads like the third remake of the Titanic. We are going down and at this point few realize what is happening. The difference between the Obama and Paul Ryan budget proposals are laughable. That is why the dollar continues to fall and gold and silver continue to skyrocket. Under the Obama proposal the national debt rises to 26 trillion by 2021. The Paul Ryan republican proposal raises the national debt to 23 trillion. Neither side comes within 350 billion of balancing the budget over the next 10 years. The spending on the wars in Iraq and Afghanistan remain off budget. So you can add nearly another trillion a year to the deficit projections. The long overdue spending cuts that are needed to right the ship are not there. To make the necessary cuts would be political suicide and both parties are very much aware of that. As I have said many times in the past, the system is doomed to fail. There are more citizens and corporations collecting from the government dole than are paying into it. We (those of us who are paying for this mess) are outnumbered and there is nothing that is going to stop this ship from sinking. Man the lifeboats because we’re going down.

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