From Maynard at TammyBruce.com: The Federal Deficit
This graph, taken from this Wall Street Journal article, shows what we're up against. It's a crime beyond imagination against the American people.
This monster is not of Obama's creation. It's a product of long-term rot and corruption; the consequence of fools and demagogues pandering to the lowest common denominator, promising ever-more goodies to an ever-needier mob.
For a brief moment, I hoped the shock of the current crisis would bring an element of reality to the debate in Washington. Certainly Obama would do the right thing. Not because he wanted to, you understand, but because he had no choice. I thought the nation had reached that late stage of addiction where the addict has hit bottom, and finally faces his issues head-on.
I stand corrected. We haven't hit bottom yet, but Obama is working on that. His "stimulus" package may become our final binge. What Reagan did to the Soviet Union, Obama is now arranging for us.
This is only the beginning. [...]
He goes on to say that as the baby boomer generation continues to age, demands on Social Security and Medicare will increase, consuming a greater portion of the GNP than the entire current Federal budget.
And hardly anyone is talking about the compounded interest on all the debt. What do you think will happen if interest rates rise? We just keep printing more money? Can you say "Currency collapse"?
This isn't about partisan politics. It's just simple math. Does anyone in the Federal government know how to do that anymore?
Is Obama compounding Bush's mistakes?
What would a U.S. currency collapse look like?
Washington really is broken. See how it "runs"