Skip to comments.Obama and Democrats, Not Republicans, Need to Answer for Debt Ceiling
Posted on 05/19/2011 5:06:30 PM PDT by lancer256
What kind of surreal world are we inhabiting where the political party that is trying to address our debt problem is on the defensive at the hands of the reckless party that chooses to mock, demagogue and delay?
The national dialogue, at least the one being choreographed by Democrats and their amen chorus in the liberal Beltway media, has been distorted beyond measure. We are asking the wrong questions and getting the wrong answers.
Let's focus on the real problem. We are in a national debt crisis -- present tense; this is not something that might occur in the future. Medicare and Social Security trustees just issued the grim report that Medicare's fiscal hole has deepened by an additional $2 trillion and its projected date of insolvency has been moved up five more years to 2024. Social Security was already $49 billion in the red last year, and its projected insolvency date has been advanced to 2036.
Meanwhile, S&P lowered America's long-term credit rating from "stable" to "negative," and CNN Money warned that this means there's a one in three chance that S&P will downgrade our AAA credit rating within two years. Also, Pimco, the world's largest bond fund with $1.2 trillion in assets, has already sold off all of its U.S. government holdings.
(Excerpt) Read more at davidlimbaugh.com ...
Liberals try to cast blame. The liberals have said that Bush ran deficits for eight years. They say that Obama deficits have been over and above Bush’s deficit spending.
Why do liberals say that Obama’s debt is on top of Bush’s debt? Why does that matter, and what does it say about their man that Obama hasn’t been able to take the bull by the horns and deal with the debt and deficit? What does it say that Obama has greatly increased federal spending with Porkulus?
How can liberals be intellectually honest about any of this, when their man increased spending so dramatically?
I think you noticed that honesty and integrity are not the strong suits of the libtards..
“honesty and integrity are not the strong suits of the libtards..”
Please replace libtards with politicians in general, both parties.