And if you don’t think so, then please take a look at the following graph. It shows the current debt for the US under the current rules for government spending.
You’ll note that debt never goes down under current spending plans.
James Pethokoukis has a post about a different chart that is equally as damning of government spending. He quotes Tax Cheat Timmy who was testifying before congresscritters.
GEITHNER: You could have taken [the chart] out [to the year] 3000 or to 4000. [Laughs]
RYAN: Yeah, right. We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path.
Just let that one sink in.
The economy goes up in flames like Athens did in 15 years.
You know that years 11-15 will be no piece of cake either. And yet, the most important thing that blogosphere and the twitterverse can go on about is skirt length. Are you freakin kidding me?
This economy is in shambles because of the current occupant of the White House. Newt, in a fit of pique because he’s a politician goes after Romney for his capitalist history. Can anyone explain why a purported republican is doing that? I mean other than desperation at trying to get political power?
Let’s try another chart.
Participation employment rate
We have the same amount of people in this country working today as we did in about 1980. And we’ve got what, an extra 50-100 million people? You’ll note that participation never rose while HRH The Sun King handed out my tax money to his cronies.
And Obama isn’t being hammered on this every day because? Oh yeah, politics. Someone has to get elected, damn the consequences to the country. That’s the feeling I’m getting from the poor primary season going on. If you republicans keep this up, you’re going to lose what should be a walk in election. And kill the country at the same time.