Federal budget deal is a complete farce

Your Dec. 13 editorial, "Deal on fed budget offers a decent start," provides a thought-provoking but deceptive perspective.

You conclude that the deal offers no long-term solutions, but it provides "optimism amid all the dysfunction" and the opportunity to dream.

Mainstream media needs to come clean with the American public on the dire circumstances of our nation's monetary situation, stop the extend-and-pretend pretense and address the disconnect.

The current federal debt and unfunded liabilities exceed $100 trillion, while total annual federal government tax revenues are $3 trillion. Without accounting gimmicks such as "mark to myth," the inappropriate use of cash flow accounting, and others, the insolvency of many of our institutions would be obvious.

The fed's massive digital currency printing experiment (QE) is not sustainable and only exacerbates the eventual negative outcome.

The House budget deal is just another total farce involving more desperate can-kicking to avoid reality. Understanding and acknowledging monetary and financial reality is essential for everyone, and a key responsibility of a free press.

Chris Kniel

Orinda

There's no reason to celebrate this deal

What is Congress celebrating? Their latest, laughable budget is parallel to pulling a cup of sea water out of the Atlantic, arguing that the sea level actually went down, then bragging to the world that more ice must be forming. Global warming is over.


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Besides throwing 1.3 million more people off unemployment, doesn't anybody get that the money saved by this joke represents four one-thousandths of 1 percent of our debt? Woo-hoo.

And, oh yeah, this magnificent, bipartisan savings just happens to be the same number that they stole out of our economy during the last shutdown. What a deal.

Now, you can counter that it keeps the government open for two years, but can you spell d-e-b-t c-e-i-l-i-n-g c-o-m-i-n-g ?

Dave Cardana

San Leandro