Friday, March 2, 2012

An Independent's View: Federal Spending

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        It's been 1,031 days since the Senate has passed a budget. The federal debt has risen above $15 trillion and exceeds the U.S. GDP. There is over $100 trillion in unfunded liabilities on the nation's books (actually, it's not even on the books; Congress doesn't count a liability until a check is written). The housing market is still weak, with prices down and foreclosures up. Unemployment is high, especially if you count people looking for full-time employment but only finding part-time jobs. Some politicians say we need to cut spending, others that we need to keep it high through this tough economic time.

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