Wednesday, August 03, 2011
Unhealthy Debt - The oncoming Obamacare disaster!
From beginning to end, the debt crisis talks have come down to a struggle between advocates of tax increases and champions of domestic discretionary spending cuts. This important dispute has been at the heart of our politics for decades, and without question our out-of-control discretionary budget has a lot to do with the size of today’s deficit and debt. But it has little to do with tomorrow’s deficits and debt—that is, with the unprecedented oncoming explosion of federal spending and borrowing that terrifies our creditors and gravely threatens our future prosperity. Democrats were able to keep that approaching disaster entirely off the table in the debt ceiling fight. In the next round, Republicans must make sure to put it front and center."
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