We’ve all become more and more familiar with the term “tsunami” since the powerful earthquake unleashed a 33 foot high wall of water that literally obliterated parts of Japan.
The debt crisis in the United States is building into a financial tsunami, driven partially by the earthquake of the financial meltdown of 2008 and partially by the pressure of building entitlement mess.
In fact it has gotten so bad that it borders on the ridiculous.
Republican and Democrats are fighting as we speak about $6 billion in cuts in a continuing resolution to fund government for an additional 3 weeks. But as CNS News reports, as they fight over the $6 billion in cuts, the debt increased, just last Tuesday, by $72 billion.
The report points out that Republicans could cut $6 billion every three weeks (assuming Democrats would let them) for the remaining 36 weeks and save exactly what was added to the debt … last Tuesday.
Our debt now stands at $14.237 trillion. Since October of 2010, the beginning of the government’s fiscal year, $637 billion has been added to the debt.
And politicians are fighting over $6 billion?
How trivial is that?
As CNS points out:
To echo President Obama’s recent favorite word, that’s just “unacceptable”. It has to make any rational person wonder if anyone up there is really serious about addressing this tsunami of debt, or whether they’re going to fight over trival amounts until the wave washes our financial underpinnings away.
