What's happening in Washington right now is insane. I have zero confidence in our current administration to move even one inch closer to a true solution on our "fiscal cliff" debt crisis.
They might be completely clueless. Cutting up to $90 billion per year is a tiny fraction of what needs to happen. If we were to cut $1.1 trillion per year, we would still just be breaking even without reducing the debt. The Federal Government alone is going further into debt by more than $3 billion per day. How is that sustainable?
No one wants to talk about this because it sounds too scary, but we absolutely must.