Thursday, May 05, 2011

Pick Your Poison

While the White House claims its budget plan will cut $4.2 trillion in spending, and the Republicans claim a $5.8 trillion reduction, neither proposal cuts anything from the national debt.  In fact, both plans increase it from $14.3 trillion to at least $23 trillion by 2021, some 10 years from now, or the national debt will grow at a 4.87% compounded growth rate.  With such a growth rate, the national debt will double from $14.3 trillion in 14 years!  This is not acceptable.  Both parties still do not get it. 

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