Look, On Oct 1, our nation will begin fiscal year 2010. My predications, I could be wrong here, is that the House and Senate will get absolutely nothing done on the budget. I am not a pessimist but a realist, when I say and predict there will be no way Congress will have a budget in place by then. I seriously doubt that lame duck Senator Bennet or any of the Senate will have even the simplest of appropriations even completed.
My point is from past experience both Ken Buck n’ Senator Michael Bennet haven’t done too well with their responsible budgets. Whether, it is as Superintendent of Denver Pubic Schools or DA of Weld County. But that isn’t really the point I am trying to make. I mean who am I to judge, right now my checking account I believe is overdrawn, so if you say give me ten bucks it may get to zero. When I say I am the “little guy” I mean it.
So, for me, I understand that sometimes throwing “good money after bad” doesn’t help. As in what our current adminstration has done, thrown a trillion at a trillion worth of debt.
Now, here’s the point I want to make. Has the Buck N’ Bennet show offered any real means or methods of “Fixing the economic mess?” Is it just me, or is this one of the major issues facing both Colorado and the USA? In fact, as I see it, it’s a world problem. Its number one.
Look, I worked in Banking during the S&L crisis and I really don’t want to go over all of that, no matter how similar it relates to our current crisis. The reason is, none of those matters now. I know that but these two don’t even have a clue to what’s going on or how to fix this mess.
What are they going to say, when people realize that 2011 will be the year of a 3.7 trillion budget deficit, and a national debt approaching 16 Trillion to boot? Your nose bleeding yet?
For me, I believe we can not only balance the budget in four years but we can also reverse our economic downturn in the process and start reducing our national debt load. I will release this plan say after Oct 4th. So, before I offer my solution, I am still trying to figure what these guys are even saying.
Lets do a fast recap, correct me if I am wrong, since some people, cough cough, have been changing their positions more times than a football team on the losing end of salary caps.
The following comes from the Denver Post, 8/22/2010, “Senate candidates Bennet, Buck trade accusations on economy, education” by Allison Sherry.
For Buck, he was about a balance budget amendment.
For Bennet, he fancy names his thing, “Deficit Reduction Act that would do something similar, to cap deficit at 3 percent of GDP with real enforcement mechanisms to lower spending.”
Is that it?!?!
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