Our national financial house is on fire and we still have politicians and media pundits talking about “deficit reduction” instead of focusing on cutting real government spending. Wake up America! Deficit reduction is not the same thing as cutting spending.  The President, Senate and House of Representatives spent $1.3 trillion more than the nation’s tax collectors brought in last year. This is money they borrowed or printed out of thin air. To balance the 2011 national budget they would have to cut (not reduce) spending by the same amount--$1.3 trillion.

The current national debt excluding the $116 TRILLION unfunded mandates for Social Security, Medicare and Medicaid is $14 TRILLION. The Congressional Budget office conservatively estimates that if we do not make dramatic real cuts to federal spending our national debt will grow at a rate of one trillion dollars per year for the next ten years. This means that in 2021 our debt will be $24 TRILLION. This debt will eventually have to be paid by our kids and grandkids.

The President, in his state of the union address, revealed a plan to reduce the deficit by $40 billion each year for the next ten years. The new leadership in the House of Representatives is proposing to reduce the deficit by $100 million this year to show how “serious” they are about getting government spending under control. It does not take a Harvard PHD in math or economics to recognize that these ludicrous, politically motivated proposals do nothing to ultimately save our country from financial ruin. For even if Congress and the President were to “reduce the deficit” by $300 billion per year the national bank account would still be overdrawn by $7 TRILLION in ten years.

Those lawmakers who propose “reducing the deficit” are equivalent to fire fighters pouring thimbles of water on a raging national financial inferno in hopes of keeping their political asses in power by not making necessary and critical CUTS TO NATIONAL SPENDING.

Main Street Americans need to make it clear in no uncertain terms that they demand their elected representatives CUT spending not “reduce the deficit” for the sake of our kids and grandkids.