From Zero Hedge:
…Despite talk of a recovery, the economy is badly underperforming. Growth last quarter came in at just 1.8 percent. We’re not even creating enough jobs to employ new workers entering the job market, let alone the six million workers who lost their jobs during the recession.
The rising cost of living is becoming a serious problem for many Americans. The Fed’s aggressive expansion of the money supply is clearly contributing to major increases in the cost of food and energy.
An even bigger threat comes from the rapidly growing cost of health care, a problem made worse by the health care law enacted last year.
Most troubling of all, the unsustainable trajectory of government spending is accelerating the nation toward a ruinous debt crisis.
This crisis has been decades in the making. Republican administrations, including the last one, have failed to control spending. Democratic administrations, including the present one, have not been honest about the cost of the tax burden required to fund their expansive vision of government. And Congresses controlled by both parties have failed to confront our growing entitlement crisis. There is plenty of blame to go around.
Years of ignoring the drivers of our debt have left our nation’s finances in dismal shape. In the coming years, our debt is projected to grow to more than three times the size of our entire economy.
This trajectory is catastrophic. By the end of the decade, we will be spending 20 percent of our tax revenue simply paying interest on the debt – and that’s according to optimistic projections…
You should read the whole thing, but that covers the central problem – our debt has risen to the point where we will entirely collapse unless we stop adding to it. That is what Democrats do not wish to do – because whatever might have been the original purpose of Big Government liberalism, the current point of the exercise is to keep the government funds flowing because they, in turn, are filtered through government unions in to Democrat campaign coffers – lather, rinse, repeat. Cut down the size of government and Democrats lose the ability to bribe people in to voting for and donating to Democrats. Their political life is at stake…and thus the demands for more debt in an already bankrupt nation.
Cuts, cuts and more cuts – that has to be our aim. But not just a shotgun – we need precision guided political weapons. Keep digging up the worst aspects of government waste and present it continually to the American people. Combine that with routine reminders of just how boneheaded President Obama is (case in point: his statement that he wants the USA to be a good customer for Brazil’s offshore oil), and we can not only beat Obama and his Democrats next year, but crush them…and thus gain the power necessary to save our nation from collapse.
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