I’m no Sarah Palin fan. In fact, I am generally disgusted by both of our political parties…maybe I’ll discuss that another day. However, according to this Politico story Palin recently said:
“If we are going to wet our proverbial pants over 0.3% in annual spending cuts when we’re running up trillion dollar annual deficits, then we’re done. Put a fork in us. We’re finished. We’re going to default eventually….”
Wow!! Are politicians allowed to say that? She goes on to say:
“If we ARE serious about putting our fiscal house in order, then let’s stop the hysterics, tighten our belts, and take our medicine”
Not to nitpick, but my math puts it closer to 3%, but I’m gonna give it to her…Palin Nailed it. Not Rand Paul, not Paul Ryan….Sarah Palin is the first person from one of the two parties I’ve heard speak the truth on this issue in a long time. And she’s exactly right. There will be defaults, there will be “haircuts” , there will be hell to pay for our lack of national budgeting skills…. I just don’t know when. Maybe I should just ask Sarah 🙂
Catch up (June/July 2018 Cash Deficit)