If you attended any political events leading up to the Iowa Caucuses you know about Iowans for Sensible Priorities. They are the ones that handed out the pens with the pull out charts, had the pie chart car, and passed out cookies with pie charts on them. There goals were to…

Increase funding to meet the needs of our children and children around the world (at no additional taxpayer expense) by reducing money spent on the Pentagon for Cold War weapons systems no longer needed to protect America.

Rahm Emanuel, Obama's Chief of Staff, has recently said that the Obama administration plans to cut Pentagon spending…

Withdrawing from Iraq, and cutting $300 billion in other defense spending, would wipe out the increases in military spending under the Bush administration. It would even reduce military spending to a smaller percentage of the federal budget than it was during the Clinton administration.

It is great to have a President with sensible priorities.

The Problem: The USA has maxed out our Credit Cards, tapped out our friends for loans, and will soon have to start “selling the farm” to meet our Debts.
 

 http://www.cbo.gov/f…

LA Times

$1.3 Trillion in Deficits Forecast Over Decade

By Joel Havemann, Times Staff Writer
Jan 25, 2005

The [Congressional Budget Office] CBO's annual report on the budget outlook foresees a deficit of $400 billion this year. It also forecast a cumulative deficit of $1.3 trillion from 2005 to 2014, an increase of nearly 60% from the  CBO's $861-billion estimate of just four months ago.