I have yet to read anything of substance about the President's 2011 budget, but I will say I like his increases for education and job creation. Yes, there is yet another record-breaking deficit, but to cut spending now, while unemployment remains high, would be irresponsible.
That said, once the job situation improves, our government will need to get serious about getting our financial house in order. And the only way to get serious is include cuts to Social Security, Medicare, and defense, in addition to a significant across the board tax increase. Any congressman or president who resist such measures shouldn't be taken seriously. Failure to implement those four specific items within the next 3 to 4 years will mean financial catastrophe for the United States over the next two decades.
Mark my words.
