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April 6th, 2011
06:00 PM ET

What does it mean that the U.S. government spent 8 times more than it took in in March?

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Committee Chairman Rep. Paul Ryan (R-WI) (C) speaks during a markup hearing before the House Budget Committee on Capitol Hill. (PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

The clock is ticking. The federal government will shut down Friday night if Congress does not agree on a 2011 budget. Republicans in the House and Democrats in the Senate appear to be billions of dollars apart on spending cuts and a deal is nowhere in sight.

Pretty pathetic.

Oh, and President Obama is off fundraising in Pennsylvania and New York tonight. But apparently they are all going to try to get together at the White House when the president gets back there later.

But our problems with debt and spending are staggering. And our lawmakers' failure to address the issue in any meaningful way borders on being criminal.

Try this on. According to the Treasury Department, the federal government spent more than eight times what it brought in in the month of March. Eight times.

And by the end of this fiscal year in September, the national debt will exceed $15.4 trillion.

How did we get here?

Well for one, the size of government has gotten out of hand: More people now work for the government - 22.5 million Americans - than work in the manufacturing, farming, fishing, forestry, mining and utilities industries combined.

Republican Congressman Paul Ryan from Wisconsin, the new chairman of the House Budget Committee, says that the United States is at a "tipping point" in its debt crisis. He says the Congressional Budget Office predicts our economy will simply be unable to continue past 2037 if something serious isn't done soon.

Here’s my question to you: What does it mean that the U.S. government spent 8 times more than it took in in March?

Tune in to the Situation Room at 6pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.


Filed under: Government
April 6th, 2011
05:00 PM ET

Does America need a wild card like Donald Trump in 2012 presidential race?

FROM CNN's Jack Cafferty:

He's got big bucks, weird hair, a big-time reality show franchise and lots of buildings with his name on them. He's outspoken and has never shied away from a television camera. But does any of that make billionaire real estate mogul Donald Trump a good fit for the Oval Office?

He seems to think so. What a surprise.

While he hasn't officially announced he's running for president, he's putting more than his toe in the water.

For one thing, he has managed to reignite the Obama "birther" debate. Trump wants to see an official Barack Obama birth certificate. He says by not producing one he thinks President Obama has something to hide.

Trump is scheduled to speak at several political events in early primary states: a Tea Party rally in south Florida next weekend, a dinner held by the Iowa Republican Party in Des Moines later this spring, and he'll be part of the traditional "Politics and Eggs" breakfast series in New Hampshire in June.

Speaking of New Hampshire, a poll of primary voters in that state shows Trump running a close second to former Massachusetts Gov. Mitt Romney and well ahead of other well-known Republicans.

"The Donald" says some wacky things that likely make political strategists in Washington cringe, but a run by the New York billionaire has the potential to shake up the 2012 presidential race. Some are even comparing his possible entry to the run independent Ross Perot, himself a wealthy businessman, made in 1992. Perot got 19% of the popular vote, running on the platforms of smaller government and greater fiscal responsibility, two issues Trump has talked a lot about. And two issues that still have not been addressed.

Here’s my question to you: Does America need a wild card like Donald Trump in the 2012 presidential race?

Tune in to the Situation Room at 5pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.


Filed under: 2012 Election • Donald Trump