Get Serious About Debt Reduction
By Margarita Mercure Hibbs Everyone agrees that budget cuts are necessary. Everyone is asked to participate in a shared sacrifice. Statements like Speaker Boehner’s “So be it!” hit hard and appear to be delivered with indifference to the actual pain of the people that will be impacted by Congress’ $61 Billion decision. The problem is that these cuts represent less than 2 percent of the deficit. They will not even come close to balancing the budget. America's debt is $1.65 Trillion Dollars! This is not serious deficit reduction. This is political posturing. The Military and Defense Industry budget is never under scrutiny. There is constant pork barrel for manufacturing plants devoted to military things that were long ago obsolete. B-2 Bombers and Sea to Land amphibious transports are still being manufactured without regard for necessity or cost, as just two examples. The industry is not asked to retool and reinvent th...