WHY WE ARE IN DEBT Because tax cuts for the rich, tax loop holes and off shore accounts do not generate enough money to cover our necessary spending. We have a revenue problem and not a spending problem and the 50% spending cuts in the budget bill on entitlements is proof. We have never let our elderly, children, poor and disabled, military, unemployed and public servants go without but what this façade of a bill will do. We are not spending more than usual on entitlements. We just dont have the usual revenue coming in to cover them. After 11 years of Dead Beat Bushs tax cuts for the rich, where are the jobs they were supposed to create?