For that reason, it is necessary to differentiate between total public debt (money owed today) and social security obligations (money owed tomorrow and next year).
The key is the time factor. The future nature of the Social Security obligation means that number represents what the total public debt will be, unless alternative funding sources are identified and implemented.
What is more stunning that even while admitting they are drowning the American tax payer in a sea of red ink and turning our currency into monopoly money they want to spend another several trillions on Government insured health insurance.
You just cannot fabricate the level of criminal irresponsibility we are seeing from Democrats who lied about being "fiscally" more responsible than Republicans and who lied about pay as they go and who have done nothing but lie to the American people about how they will pay for all this irresponsible spending for purely partisan political reasons.
When Bush was President all we heard from these cretins was how he needed to raise taxes....raise taxes....raise taxes. Now after spending trillions they don't have, not one tiny peep about raising taxes.
I hope that by the end of this liars first term in office, the American people can wake up and see these Democrats for what they are; lying despicable assholes who don't give a rats behind about the American people, the poor or the hard working who start businesses and make the economy go.
All we have gotten from this Administration has been hyper partisan legislation, lies, distortions and a deficit that makes all previous deficits look like chump change.
Right. Which is why we need to get started on finding said sources! Because the potential debt numbers would scare the hell out of people.The key is the time factor. The future nature of the Social Security obligation means that number represents what the total public debt will be, unless alternative funding sources are identified and implemented.
Last edited by stekim; 08-13-09 at 12:36 PM.
Wow. Am I awesome or what?
When Bush spent us into a deficit fighting 9-11, two wars and Katrina, you were railing about his "Democrat" big spending I am sure. What vast hypocrisy or denial does it now take to acknowledge that Obama has taken irresponsible deficit spending into the stratosphere.
Good lord, I don't know which is more pathetic, the excuse making or blaming Bush for everything.
I am fascinated that Liberals try to excuse the criminally irresponsible spending we are seeing from Democrats by continually pointing the finger at Bush; you're kidding me right???!!!