October 21, 2013

America’s Finances

Jon Gabriel on the fiscal crisis.

Via FreedomWorks’ Jon Gabriel: “The chart is brutally bipartisan. Debt increased under Republican presidents and Democrat presidents. It increased under Democrat congresses and Republican congresses. In war and in peace, in boom times and in busts, after tax hikes and tax cuts, the Potomac filled with red ink. Washington likes to talk about sustainability. Forget sustainable – how is this sane? Yet when a conservative hesitates before raising the debt ceiling, he’s portrayed as a madman. … Math doesn’t care about fairness or good intentions. Spending vastly more than you have isn’t good when done by a Republican or a Democrat. Two plus two doesn’t equal 33.2317 after you factor in a secret ‘Social Justice’ multiplier. And if our current president accumulates debt at the rate of his first four-plus years, the national debt will be $22 trillion by the time [he] leaves office.”

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