"We must not let our rulers load us with perpetual debt."
-Thomas Jefferson Deficit Deceit
The Congressional Budget Office released new budget estimates Wednesday predicting that the federal deficit will reach a record of nearly $1.5 trillion this year, or almost 25 percent of GDP. The national debt is fast approaching its current $14.3 trillion ceiling. This grim news came less than 12 hours after Barack Obama tried to sound a note of fiscal responsibility in his State of the Union address -- a speech during which the federal debt increased by another $100 million.
- WND
. . .
"Even supporters of the president and the Alinskyite radicalism that dominates his party will find it hard to acclaim [Barack Obama's] decision to spend 60 minutes sermonizing about government being more important than suffering Americans give it credit for during a hard recession. Are you impressed with the Internet? With your iPad? With that gadget on your car's dashboard that gets you back on the Interstate after you get lost in a strange city? Thank Washington, because according to the president Washington 'planted the seeds for the Internet. That's what helped make possible things like computer chips and GPS. Just think of all the good jobs -- from manufacturing to retail -- that have come from these breakthroughs.' If you don't remember Presidents Carter or Reagan or Clinton bragging about the initiatives of their administrations that would one day bear the fruit of global social networks like Facebook, handheld communication devices like BlackBerrys, and the mobility revolution of Wi-Fi, it's because they didn't. Government didn't bring us any of those things; the private sector did. ... Yet all we heard for much of nearly 7,000 words were exhortations to appreciate Washington's ever-growing role in the U.S. economy."
-Investor's Business Daily
Last & certainly least is my $.02 worth: lies, spin & deceit - the only thing your gov't knows...Democrats & Republicans.
