The trillion-dollar deficit may be shrinking, but we still have a major spending problem, which you, Mr. Johnson (the article’s author), seem to overlook!
NYT, 10/12/2012 : "The federal deficit fell to $1.1 trillion in the 2012 fiscal year, down from about $1.3 trillion a year earlier...That is the smallest deficit since 2008 but represents the fourth year in a row that the deficit has exceeded $1 trillion."
The Federal Debt, the accumulation of all those “shrinking Deficits” total to the tune of nearly $17 TRILLION DOLLARS and growing... Now that is just the tip of the iceberg. Medicare and Medicaid entitlements are adding to the future economic catastrophe.
We are borrowing more than $.40 on the dollar from China and others to feed our spending addiction. Houston, we have a problem if we think we can live with trillion dollar deficits.
We need to get to a balanced budget sooner, rather than later. But Obama and the Democrats and many Republicans won't even consider that. We need to live within our means, beginning NOW. Any talk of acceptable deficit levels is pure bunk. Washington, GOP and Dems refuse to deal with reality and refuse to acknowledge their spending ADDICTION, which as bad as that of any heroin or cocaine addict.
What you write, Mr. Johnson, is Leftist, keep the status quo, keep-kicking-the-can-down-the-road PROPAGANDA, which you accuse others of doing...
Finally, the sequester must happen. It is not really a spending cut; it is merely a reduction in the rate of spending.
The solution is simple. Demand Congress and the President come up with a BUDGET (which Harry Reid and the Democrat-controlled Congress have refused to do for the past four years) where expenditures equal or are less than revenues. That is what households must do. That is what businesses must do... That is what Americans (with the exception of the many low information voters) expect their government to do, live within its means. Is that so radical?