The Treasury has just announced that the U.S. budget deficit shot up 15.7% in the first six months of fiscal 2011.

It also reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9%.

This afternoon the President outlines his latest "vision" to get our nation back on a sound fiscal track.

We expect that a major part of his plan is to increase taxes.

In our opinion...NOT the right solution.

The current fiscal quagmire in Washington, DC reminds us of a phone call that we once received on our national radio show from the mother of a daughter in college.

When the mother confronted her daughter after receiving notice of several check overdraft fees, her daughter replied:

"I thought that as long as I had unused checks in my checkbook, that I STILL had money in my checking account."

Sounds a lot like our politicians who are now writing more checks for future generations to pay, simply because they CAN?  

They are considering raising the debt ceiling another trillion dollars when we haven't even got the bucks to pay off dollar #1 of the $14.3 TRILLION dollars that we already owe?!

Plus another $1.7 trillion borrowing next year.

Do the words "common sense" come to mind?  Wait, this is Washington we're talking about.

How about spending ONLY money that you either currently have or can easily pay off over a reasonable period of time.

How are we going to pay off the trillions that we owe and get our national debt under control if the budget cuts "compromise" is less than $40 billion in program cuts (only a few days of government waste!).

Moe, Larry and Curly have been replaced by Moe-Bama, Harry and Surly!

Some are suggesting that the solution is to increase the tax on the rich.

The top 1% of earners pay 38% of the total tax paid.

So - - let's tax them more...the very same successful business people who are responsible for creating and expanding businesses leading to more jobs and additional taxes!

Yet roughly 47% of working Americans pay NO tax at all!

We must fix this crazy tax system so that EVERY America pays their fair share of taxes.

We must also lower the corporate tax rates so that businesses based here in the U.S. would have more money for expansion (jobs and taxes)...and that some of the $14 trillion dollars in profits held overseas in the coffers of  U.S. companies with overseas operations could be brought back to the U.S. for use here.

But Mr. President, additional taxes is not the solution. 

Cutting government spending is the answer.

As you know...Daria and I are a-political--never favoring either party, just reporting and analyzing the facts as they truly are and helping (it's getting harder and harder) you make sense of them.

We are very disappointed in most of those elected officials of both parties at the moment.

We are beyond disappointed and disillusioned with the goings-on in DC.

We lack any conviction that these yahoos can get this country back on track in a reasonable time.

We hope that they enjoy their upcoming two weeks vacation.

Afterall, why hang around DC to try to solve the most pressing fiscal problems that our nation has faced in recent memory?