It will not be resolved. We will almost certainly avoid the situation at the last minute by Democrats and Republicans passing some sort of comprimise to raise the debt ceiling. But then they will continue to do exactly what they are doing now until it comes time to raise it again.
What we need: (IMHO)
There are good government programs, to be sure, but
Not every government dollar spend is good, no matter what Democrats say. Even some useful programs may need to be cut.
If Republicans think we can just trim some programs and solve this problem that both they and the Democrats have caused (with our idiotic approval via votes), then they need a math refresher. Let’s do some simple napkin math.
We owe: $14,000,000,000,000
Say We Cut: $28,000,000,000 out of the budget every year.
It takes: 500 years to pay off the debt.
FY2010 Budget: $3,500,000,000 (Mandatory and Discretional)
So cut it all:
If we cut the entire budget of 3.5B, it would take 4,000 years.
Looks like we need more money.
Let’s just tax the crap out of the evil rich! 100%!! Get those bastards!! Take it all!!!
What do we do next year when they are poor?
Tax everyone. Even (shudder) me.
Cut spending. Even (shudder) the ones I like.
The party was fun. Time to grow up, face the hangover, and start cleaning the puke off of the floor.
GWD, climbing off the soapbox.
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