One President Left Behind: McConnell Schools Obama on Debt – Page 2 – Ann Coulter – Townhall Conservative
July 13, 2011 Leave a comment
Obama’s big idea for taming a government with a $3.83 trillion budget and a $14.3 trillion debt is to collect — in the best-case scenario — another $300 million a year from corporate jet owners. That would cover .007 percent of the federal budget or .002 percent of the national debt. Is it happy hour yet?
Instead, Democrats demagogued the issue, with Obama flying around the country on Air Force One, claiming that if the debt ceiling is not raised, America will default on its debts and the entire economy will collapse.
If Republicans cut government spending, recipients of government checks come after them with pitchforks. If the Republicans refuse to raise the debt ceiling to force spending cuts, the economy collapses.
In general, the trend seems to be in the direction of higher spending and endless debt.
The government will just keep spending and spending until we’re all on bread lines. But there won’t be any bread because within 10 years, nearly the entire federal budget will go to pay Social Security and Medicare recipients. (On the plus side, a lot of us will be speaking Greek by then.)