The problem is that Obama seems to be math illiterate. As are many of his voters. Borrowing to pay bills is simply not sustainable.
"There is," the commission said, "no easy way out of our debt problem."
That would require weaning politicians off of dependent voters. Nope, not going to happen, keeping politicians from buying votes is hard.
Someone must publish a list of straightforward definitions of all the technical terms and euphemisms the politicians use. Some terms I would like to have correctly defined include (with my simplistic proposed definition). Please weigh in.
Revenue: taxes, fees and penalties the government collects
Deficit - the amount we spend (or plan to spend) beyond what we collected.
National debt - the amount the federal government has borrowed, to date, to pay the deficits so far.
Politicial - (not suitable for a family audience)