The First Quarter of 2011
Happy New Year!
The first 90 days of this year may be among the most pivotal in our republic’s history. Why, you ask? Well I can think of $14 trillion. You see, because the Republicans in the Senate thwarted a last second spending spree by Harry Reid, the government will run out of money some time in March. At about the same time the US will need to raise the debt ceiling. This legislation in effect allows the government to borrow more money in order to fund government activities.
The Republicans in the House has promised to institute “Cut/Go” in order to fund government. Essentially the Republicans are saying that increases in funding for programs must come from cuts somewhere else. If the new majority in the House stick to their guns, then for the first time in a very long time we may actually cut spending.