The result? Well, every program has already been slashed to the bone, and no further cuts are really possible without provoking mass social protest. The conservative assholes will not even consider a rational spending cut, say by withdrawing from the $4 billion a day Iraqi tarpit, or other military cuts (funny, I thought the Cold War was over, wheres our peace dividend?).
The national debt today was a surprising and horrific $7,964,643,188,228.55, and rising over 1.66 billion dollars a day. Check the website, and update it. Its a bit alarming, but it increases at least $200,000 a second. Anyone remember when another notorious conservative, Ronald (McDonald) Reagan pushed the debt over a trillion bucks, then tripled it by the time he was done? ah, fond memories.
As with any debt, we get the luxury of being allowed to pay interest on this current debt, in the meager sum of around $350 BILLION each and every miserable year. One of the largest blocs of spending in the government, well, beside the military. Imagine a household that paid all its bills only by using credit cards. What type of short termed, no sense of reality thinking is this? Bush and his conservatives motto: Borrow and Spend to bankrupt the future of America.