The debt clock found at this site at that time this sentence was written showed our national debt to be $14.553 trillion which equaled $46,659 per citizen and $130,108 per taxpayer.
It’s a perfect illustration as to the seriousness of the ongoing debate in Washington and should explain why some strongly question the wisdom of taking on more debt — i.e. “raise the debt ceiling” — without a plan to quickly bring our budget in balance.
President Obama along with Harry Reid and the rest of the Senate Democrats are under the dangerous delusion that one can take on debt forever without an inevitable disastrous end.
Hopefully, they can be freed from it.
And with regard to dangerous delusions, hopefully Americans can be freed from the one that lets them believe that placing community activists and casino lawyers in positions of leadership can somehow not result in an inevitable disastrous end.
The President wants us to “eat our peas” and increase the limit on the country’s credit card. Then he hopes America will go back to sleep and just concentrate on JLO’s divorce. Well, our unfunded obligations actually amount to 68 TRILLION dollars. What kind of life awaits America’s younger generations? The “peas” they’ll have to eat are rotten.
You said it Cathy. There may be one good thing that the President has accomplished. He has awakened a sleeping giant. The Tea Party will not crawl back under the covers and go back to sleep.