In response to:

The Kingdom of Fairness

Ghost of the Republic Wrote: Dec 06, 2012 12:40 PM
Chris in Kalifornia: Your questions would be valid under the assumption that the federal government actually believes in the Constitution it swears to uphold. That oath is now just lip service and no politician takes it seriously anymore.

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion.

Three ways to establish a long-term trajectory toward a balanced budget were under...