The debt crisis doesn't seem to register with Barack Obama and he is not living in reality. Obama's budget is summed up as big, bigger, and biggest. As CNS News reported: "If the federal budget released by President Barack Obama today is implemented, it will double the national debt over the next 10 years. The current national debt is $13.56 trillion (end of FY 2010). By the end of 2021, that debt would rise to $26.3 trillion under the White House budget."
Clearly Obama is addicted to debt the same way Charlie Sheen is addicted to drugs.
But the question is, do Republican leaders have the same addiction to debt as Obama? Indications are clear; they don't seem to understand the crisis either. Now Boehner is pushing Republicans to raise the debt ceiling, one last attempt to keep the party going. He told the Wall Street Journal this week: "I think raising the debt limit is the responsible thing to do for our country, the responsible thing for our economy.If we were to fail to increase the debt limit, we would send our economy into a tailspin."
This is a classic example of the failed thinking that more debt can solve a debt problem. He should wake-up to reality and listen to the wisdom of Buffett: "History tells us that leverage all too often produces zeroes, even when it is employed by very smart people."
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