Sequester deadline looms as US faces $85bn cuts

[Skybird]

Originally Posted by Armistead

It needed to be about 200 billion, maybe about a 2% cut overall. Obama is like a woman that goes out and buys 5 new dresses, sells one a week later and considers that cutting back.

200 bn?

In January and February 2013, US explicit debts rose by 122 bn per month. If you want to have just one year with at least no further climbs in existing debts, you would need a cut of not 200 bn, but 1464 bn. That's almost one tenth of the 2012 GDP. That would not reduce the debt. It would just not add new ones on top of the heap.

If however already a cut by 85 bn would make the US collapse and the sky falling, you can imagine what it would mean if the US would do what really is needed to be done when meaning serious to tackle debts. Or in other words, you can imagine how deep the disaster is in which it is fully embedded. In plain English: no escape than total collapse.

I am convinced that there is not a single politician in Washington - or any Wetsrn capital for that matter - who indeed wants to tackle national debts. Nobody wants to do that, because everybody kinows what that means. Everybody is hoping to successfully delay the big revelation day to the time after he has ended his gold robbing and power picking career.