In a Democratic fundraising speech in Iowa over the weekend, Vice President Joe Biden told party loyalists that opponents of the Obama administration's agenda "should be worried about us, for we are their worst nightmare." Duh.
Finally we can agree on something, Joe. Even the liberal New York Times reports that at the current level of federal spending, the annual interest on the national debt will exceed $700 billion by 2019 -- compared with $202 billion this year. Some forecasters predict it will be much higher. This additional half-trillion dollars a year in interest is more than our current combined expenditures on education, energy, homeland security and the wars in Afghanistan and Iraq.
Oh, and the Times isn't even factoring in the cap-and-trade nightmare you and Barack have in store for us, Joe -- you know, that urgent legislation to catapult the nation back into Third World status based on hysteria generated by fraudulent science and corrupt zealots and politicians.
Nor is the Times including in its calculations the additional debt that would result from Obamacare.
Joe, when The New York Times is sounding the warnings over the exploding national debt, you and Barack insist not only on not reversing your disastrous course but also on making it worse. How can reasonable people assume anything other than that you are trying to run this nation into the ground financially?
Don't dare keep telling us your hyper-ambitious spending is a necessary evil required to deliver us from a financial crisis you inherited. Whatever crisis we face is debt-related, purely and simply. Everything else is manageable. Yet you all are deliberately increasing our indebtedness as far as the eye can see, without the slightest pretense of scaling back in this millennium. In fact, you are laboring to establish further entitlements and institutional changes that would generate exponential burdens on our debt and would be enormously difficult for any responsible and financially sane successor to undo, much less reverse.
Adding insult to injury, you are spending this money not to improve ("stimulate") the economy -- which even the most politically and economically illiterate should now realize -- but to restructure American society, dismantle our free enterprise system and impose in its place a command-control economy and political system -- in which life's decisions, including over our private health care, are dictated from Washington.
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