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THE DEBT CEILING DEAL - AMERICAN PEOPLE LOOSE AGAIN

  • Broadcast in US Government
John Wallace

John Wallace

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This week I will be talking about the congressional deal to raise the debt ceiling by Trillions while supposedly cutting spending. Are there really any cuts in spending or is it all smoke and mirrors? What is baseline budgeting and why does this accounting method make it impossible to balance the budget? This budget deal will reportedly cut spending by only slightly over $900 billion over a 10 year, but considering we will have a $1.6 trillion deficit this year alone, those meager cuts will do nothing to solve our unsustainable spending problem. In plain languarge, the budget deficit deal is a fraud. There are no real cuts and the deficit will continue to grow, which is an impending disaster for America. and Yes, the American people loose again!

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