Posted on 10/05/2013 8:23:54 AM PDT by whitedog57
The Obama Administration certainly has its priorities. During the shutdown, Big Bird (aka, PBS) got $445 million in “essential” government spending while cancer research got zilch. As Senate Majority Leader Harry Reid said about helping kids with cancer, ‘Why would we want to do that?’
Of course, the big issue is really the debt limit debate. Watch for the rhetoric to go into overdrive.
But here are some stark facts for your consideration.
1. Entitlements are growing at an unsustainable pace. This will require massive increases in Federal debt.
Federal Spending_0
2. Total Credit Market Debt Owed equals $57.56 TRILLION.
TCMDO
3. Total Public Debt Outstanding is $16.74 TRILLION
debttothepenny
And growing at breakneck speed!
GFDEBTN_Max_630_378 (3)
James Hamilton estimates that the all-in Federal debt (plus entitlements) is $70 trillion. While this is bad enough. USDEBTCLOCK.ORG lists the US unfunded liabilities at $126 trillion PLUS almost $17 trillion in Federal debt.
Look at the Medicare liability of $87.4 TRILLION … and growing!
And Obamacare will add trillions to the national debt. Enjoy your new Socialized Medicine!
Politicians and voters cannot bring themselves to cut spending … until it is too late.
Psst. It’s too late already. But Congress and the Administration will blithely ignore the off-balance sheet debt (entitlements) and will raise the debt ceiling.
Titanic-redo
NPR, PBS still are the air???
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