U.S Debt

A couple days ago congress and the white house passed a stopgap budget bill to make sure the government stayed open. The bill cut $39 billion off the budget...so now we are only spending $3.43 trillion(give or take a few billion) just in 2011 alone. So how can they think cutting $39 billion is going to help the 14 trillion dollars of debt we have already?

As more and more baby boomers are retiring and wanting their retirement money the amount of debt per year is only going to go up.

How long before China loses confidence in our ability to pay them back?

How long before the politicians realize we are living on borrowed time?

Hopefully they realize before it's too late, and who knows...maybe it is already too late.