Dec 28, 2011

Washington’s year of drama leaves little done regarding debt - The Washington Post

“We’ve saved the American taxpayer about 17 hours of spending. That’s it,” he said. “When you just really stop and think about it, we’ve made very little progress.”

Politicians... went home for the holidays with little to show for all the political drama. The debt stood at $15.1 trillion, $1 trillion more than when he got to town. By the end of next year, projections show, it will grow by an additional $1 trillion. Ribble said he and his allies had cut spending for 2012 by only about $7 billion, a sliver so tiny Ribble could measure its impact in minutes...Please contiune reading at: http://www.washingtonpost.com/business/economy/washingtons-year-of-drama-leaves-little-done-regarding-debt/2011/12/23/gIQAB6kRLP_story.html