GOOD! Channeling Paul Krugman.
They must be calculating that Obama will indeed have a third term, or perhaps Jeb Bush.
Jeb is like is brother, he never saw a govt program he did not like.
This china shop needs a bull.
Needs
to
Stop
NOW!
Candidate Obama was shocked that the debt had soared to about $9 trillion before he became president. But at $18 trillion and counting, now the debt doesn’t matter to liberals or Democrats.
If a Republican is elected president in 2016 then the Democrats will decide that the debt is a problem again.
BIG GOVERNMENT IS CRONY SOCIALISM
Socialism Is Legal Plunder - Bastiat
6. But the grand nostrum will be a public debt...
7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents…
10. “Divide and govern”…
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
Rules for Changing a Limited Republican Government into an Unlimited Hereditary One
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
Debates in the House of Representatives on the First Report on Public Credit 9–18 February 1790
James Jackson (Ga.)
But it is doubted with me whether a permanent funded debt is beneficial or not to any country.
The same effect must be produced that has taken place in other nations; it must either bring on a national bankruptcy or annihilate her existence as an independent empire. Hence I contend, sir, that a funding system, in this country, will be highly dangerous to the welfare of the republic; it may, for a moment, raise our credit and increase the circulation, by multiplying a new species of currency; but it must, in times afterward, settle upon our posterity a burthen which they can neither bear nor relieve themselves from. It will establish a precedent in America that may, and in all probability will, be pursued by the sovereign authority until it brings upon us that ruin which it has never failed to bring, or is inevitably bringing, upon all the nations of the earth who have had the temerity to make the experiment.
http://oll.libertyfund.org/titles/875
Why relegate our children and grandchildren (and their grandchildren) to becoming debt slaves of socialists?
DEFUND socialist collectives, foreign and domestic.
DEPOPULATE socialists from the body politic.
It is easy to…
live-free-republic
(and live without debt)
DEFUND
DEPOPULATE
Has a CBO projection ever turned out to be accurate?
Gee, I thought ‘health care reform’ was supposed to fix that. I thought raising our taxes was supposed to fix that.
One of the reasons usury is illegal is that the high rate of interest means the person will never get out of debt. The interest is too much to pay.
We have let the progessives become usurers. The ‘vig’ is too high to pay and the result is the country will surrender all its assets to the government some day.