Good for Barack. He reduced the deficit from $1.638 trillion to $1.6 trillion.
Guy is a disaster.
Sadly, win or lose he’ll still get 40% of the popular vote in 2012.
Hope and Change.... Tragic.
“Madness is rare in individuals – but in groups, parties, nations, and ages it is the rule.” — Nietzsche
Deficit spending as a matter of planned economic policy only began in the Kennedy administration. Before then, the government engaged in it only in wartime. Over the past fifty years deficit spending has become the signature madness of the age. Its sharp, dizzying spike in the Obama administration could very well collapse the economy just as mismanaged debt collapsed the French economy in the 1780s, with similar disastrous results for ordinary men and women. Money had no value in 1789 in Paris, and the population was destitute. A bloody revolution followed.
Vast entitlement programs, gloriously crowned by the entitlement of all entitlements — the doctor for every hangnail program called Obamacare — along with the comfy ride for teachers, public employees (who enjoy unbelievably generous compensation compared to the private sector at comparable skill levels), and all manner of other government sponsored boondoggles, are coming to an end, either through sane legislation enacted to calibrate the end of the ride as painlessly as possible, or, less sanely, by allowing the immutable and implacable laws of cause and effect to operate, in which case a sudden collapse will leave the national economic landscape strewn with rubble, opening the door for Robbespierre’s American doppleganger.
Both parties and every American share the blame for this sorry state of affairs. We failed to moderate our appetites while sitting atop the world after the great victory of 1945. Sixty years of gluttony have emptied the cupboard, and a long winter is about to set in.