CandySlice
This is a Dark ride
Clearly you don't have a clue as to what a deficit is or how cutting the deficit works. Maybe I can explain it.
You have a job and you make xxx number of dollars a month. But you spend xxxx dollars a month. You are able to do this because you make up your deficit by using credit cards. When you max out your credit cards, you get a new credit card which now is used to make the payments on the old maxed out credit cards. You are living on your deficit. At some point, a lender will not give you a new credit card. Your debt to income ratio is too high. You are told to reduce your debt. This is what happened to Spain and Greece. As an individual you might take steps to stop deficit spending. You might not go to the movies or out to dinner, the old coat will have to do one more year and you pay down your debt. In order to reduce your deficit you MUST stop spending. You cannot reduce your debt until you first stop the current level of spending. You also cannot cut your deficit by going off a fiscal cliff and quitting your job. You might work overtime instead.
Ryan understand this. Before the deficit can be addressed, the fiscal cliff of higher taxes and increased spending has to be avoided. After that we can talk about deficit reduction. In reality, we might not need to address deficit reduction because we will already be reducing it. Just like you would be paying down your credit cards.
Pearls before swine, Im afraid.
It really is a shame that people do not understand that the crisis in Greece and Spain forcing them to reduce spending happened when the EU refused to lend these countries any more money unless they came up with a reduced spending plan.
And sooner or later you run out of other people's money.