An Editorial from the Local Paper: The incredible growing debt

Five days ago, a prominent congressman wrote on The Wall Street Journal’s Opinion page that Washington must “get our deficit back under control.” He wasn’t a Republican decrying President Barack Obama’s record budget plan.

He was House Majority Leader Steny Hoyer, D-Md. Rep. Hoyer voted for the $3.53 trillion House budget plan that passed Thursday (the Senate passed a $3.55 trillion version Thursday night). But his words of warning about our rapidly growing national debt offer hope that at least a few of the people now running Capitol Hill understand the fiscal catastrophe lurking if trillion-dollar deficits become the norm.

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Posted in * Economics, Politics, Economy, The National Deficit, The U.S. Government

One comment on “An Editorial from the Local Paper: The incredible growing debt

  1. Juandeveras says:

    I suggest someone post a clear and descriptive definition/discussion of the “Cloward/Pivin Strategy”, a proposal first presented in “The Nation” back in 1966 – a concept designed to bankrupt our country and very closely aligned with things currently being proposed by the Obama administration. This concept seeks to deliberately overload existing structural components of society in such a manner that they will bring society down – orchestrated chaos. It’s happening in the banking/financial realm, has already happened in the mortgage realm, the motor voter realm, the welfare enrollment realm ( drove NYC to bankruptcy in 1975 – ask Giuliani ), and about to happen in the immigration realm. I suggest Obama’s activities may soon be determined to be treasonous and worthy of impeachment.