The president released his 2012 budget today, in the amount of $3.7 trillion dollars, and it seems that nowhere in it does he really address reducing the huge $14 trillion in deficit that's already accrued.
A huge part of the problem, I would guess, is that there's still plenty of totally wasteful spending, but no significant expectation of increased income to provide the funds. And, that's the rub.
As I see the problem, the deficit would likely come down much more quickly if business were to grow and invest, and at present, that's really the segment that's missing. But, business folks won't spend a nickel they don't have to until the present administration is gone. And if the next one has a liberal bent, they won't buy into that one either.
So, as I've written here many times before, the only solution to the budget issue is to wait the situation out. And as soon as there are signs that the government's actually shrinking, regulation has eased and every dollar that's earned won't be wasted bailing out failures, investment and growth will return.
But for now, we've got this governmental Catch 22, wherein the only way incumbents can stimulate growth is to resign and yield to folks who know what they're doing. However, since that takes some caring about the country and its citizens, it'll never happen. So, folks will just have to hope there's enough left two years from now to survive.
That's it for today folks.
Adios
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