Government spending has gone completely out of control; $10 trillion dollar debt we’re giving to our kids, a half-a-trillion dollars we owe China.
Barack Obama, Third Presidential Debate, October 15, 2008.
News item, August 21, 2009.
Interpretation: The Administration now accepts the darker red line below (the CBO estimates).
In just the next decade alone, we’ll accumulate $9 trillion in additional debt. Guess the president just didn’t think $10 trillion was enough.
ROGER KIMBALL: “Why has the issue of health care summoned people from the La-Z-boy to townhall meetings all over the country? . . . The arrogance of politicians may have something to do with it. . . . As the reality of President Obama replaces the promise of candidate Obama, the public has recoiled.”