Gambling is risky, but it’s also fun – in moderation. That fun is only magnified, one would imagine, when you’re betting other people’s money. After losing trillions of our dollars on past gambling binges, it seems the president has taken our credit card out of the casino and onto the street for a rigged game of three-card monty.
There’s a joke in there about doing the same thing over and over while expecting a different result, but it’s too expensive to make.
Hit hardest by Obama’s failed policies and gambling addiction is what the Washington Post called the “lost generation – people in their 20s and 30s who face record unemployment and little to no prospects in the near future. They’re living with their parents longer and delaying marriage because they have no choice, they have no options.
As bad as current young people have it, their kids and grandkids will have it worse. The government already has blown through the money of all Americans alive today, Those yet to be born who will start off in a hole so deep their financial situation may never see sunlight.
The website USDebtClock.org, a numbers-only site that tracks the national debt on all levels of government, including the unfunded liabilities of entitlement programs, should serve as a wake-up call for every American. When I checked it this week, it indicated your share of the national debt is $131,559. That’s probably a number you’ve heard before, and it’s disturbing. But it’s nothing compared to your share of the unfunded liabilities for Social Security and Medicare, which is a staggering $1,031,127 each.
The President knows these numbers. He just doesn’t give a damn.
As National Review’s Ramesh Ponnuru pointed out about the new political ad by AFSCME touting the president’s latest half-trillion-dollar attempt to be seen as caring, progressives think “More debt = more revenue = less debt. A spending Laffer Curve!”
President Obama isn’t a dumb man. He knows what he’s doing. But only he knows why he’s doing it. He couldn’t do worse for the economy and the future of this country if he were trying. Considering he keeps doing these things, one has to wonder if he is.
It’s not currently morning in America. When it comes to our economic future, it’s more like mourning in America. We have to get over our grief and make it to November 2012, then choose to go in a different direction. If history has taught us anything it’s that the sun always rises – we just have to make it through the night first without doing any more damage.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins