You can read the sad tale – and view the alarming chart – over at The Daily Reckoning.
This is what tax and spend liberalism has brought us – mountains of new debt to exacerbate the problem of the debt we already had. When are we supposed to pay this back?
I don’t know what they’re thinking in DC – that the economy will actually turn around and give us 6 or 8% growth necessary to service the debt; that we’ll head in to hyper-inflation thus making the debt moot (and wiping out the middle class); or do they just not care? I think its the latter more than anything else – our leaders have tunnel vision and the only thing I see them caring about is this November. Democrats want to limit their losses – so they’re doing everything they can to puff things up until over the vote is taken.
A cynic would want the GOP to lose right now – a massive crisis is heading our way and if we win in November, we’ll bear responsibility for fixing it. On the other hand, the fate of our nation is too vital for such thinking – even if the painful cure costs us in 2012 and beyond, we should still work for smashing victory in 2010 so that we can save our nation.
It just infuriates me, though, to think about this grand nation – this nation of Washington and Lincoln – should be governed by the liked of Obama, Pelosi and Reid…and be governed by people so lacking in sense and public spirit. We will have our financial day of reckoning – that is for all of us. But we must also have that day of reckoning with the liberalism which has driven us up on the rocks.
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