America, You Asked For It!

Political News and Commentary from the Right

I’ve Got Your Deficit Commission Right Here!

by Joseph C. Phillips at Townhall.com

Even as a bloodbath looms in the November distance, the Obama administration continues to push healthcare because they know that Americans love their entitlements like winos love wine. They are betting the farm that once that fiery warmth begins running through the National body we will not only love national health care, but will fight to defend it. We will also be too glassy eyed to notice that we have suddenly signed away our liberty, becoming slaves to those that serve us. But I digress.

Like wine, entitlements cost money. Sadly the more addicted we become the less money we have to spend on more important and often essential things. The wino lacks food, housing and clothing; the entitlement addict lacks employment, savings and luxury.

Consider that today our national debt stands at roughly $12 trillion or roughly 70% of our gross domestic product or GDP. But wait. We have promised today’s workers Social Security and Medicare benefits totaling another $41 trillion. Toss in another trillion for miscellaneous expenses, and suddenly our debt skyrockets to $54 trillion. In layman’s terms it means in order to pay our future obligations we would need $54 trillion dollars invested today. How much of that money does this nation have sitting around? Zip! Zero! Zilch!

More

Advertisements

February 22, 2010 Posted by | Economy | , , , , , , | Leave a comment