Right Thinking From The Left Coast
No legacy is so rich as honesty - William Shakespeare


The trackback URL for this entry is:


Still think we are heading in the right direction??

Looks like our government, and especially the current bunch of lunatics in charge which admit they are out of money, has an incredible 63.8 trillion dollars debt commitment.

Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows. The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security. That’s the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003. The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That’s quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

That Medicare Part D thing was the most shameful thing to come along with a supposedly conservative president at the helm of the nation. Libs still love to call Bush a right wing whatever, but the guy was a big government socialist. If he had had a (D) by his name he would right now be touted as the greatest president since FDR. Kind of like the crap we hear about the current collectivist nut job - the one responsible for tacking on all this extra debt and making our debt, which I should remind everyone he promised he would reduce, not double, when he was campaigning - from the MSM and the leftist twits that worship this emperor without clothes. My bet is that this 63.8 trillion number, because it makes the collectivist morons look bad, could actually be on the low side. Then again, considering the source is one of the MSM DNC outlets, the converse could be the case. Of course the reason this is published by these propagandists is not so people can finally realize that our government is out of control, that these democrats are lying scumbags, and that we where stupid to believe democrats would ever be fiscally responsible, but so they can soften us all up to the idea of the obligatory row of tax increases that Obama and his team of power-hungry collectivist robber barons will have to pass, and pass on everyone (buh-bye no middle class taxes lie) to cover a fraction of this debt obligation. And just so there is no confusion about how concerned the left is about this massive debt, be aware that they want to tack on a few trillion more, just so they can get even more control over our lives. Get ready to be destitute people living in a banana republic.

Cross posted at Wasting time with Alex.

Posted by AlexinCT on 05/29/09 at 11:05 AM in Left Wing Idiocy Politics Law, & Economics • Permalink

Trackbacks:

<< Back to main