The Washington electorate is patting themselves on the back for cutting “a record amount” of $38,500,000,000 ($38.5Billion) from the current year spending. The actual law will not be passed until early next week. By this time THE U.S. GOVERNMENT WILL HAVE BORROWED another $43,000,000,000 ($43 Billion). The point is that the so-called “record amount” is a drop in the bucket toward the annual deficit of $1,600,000,000,000 ($1,600 Billion = $1.6 Trillion).

Many Americans cannot envision the size of these dollar amounts. Perhaps, it is more instructive to ask the question, “When is the deadline for getting the U.S. deficit under control?” Some experts answer this question as 2017. I think it could be earlier.

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