Conservative columnist for the Florida Times Union, Phil Fretz, wrote an interesting opinion filled with little-known facts that somehow have escaped 98% of the "mainstream media." This information may be familiar to you conservative and libertarian bloggers out there, but believe me, you WON'T find it on the alphabet networks!
I've copied a small portion of Phil's opinion piece (with his permission of course). After reading this, ask yourself the seemingly ominous question: What's Obama after? WHAT is the upshot to this outrageous behavior? I'd love to hear your opinions about Obama's intentions and I plan to follow up in short order with my own thoughts about our new President's long-term goals in light of this fiscal madness. Enjoy.
Phil Fretz on Obscene Debt
The federal budget deficit will be $1.84 trillion this year. That's about four times the record set just last year, The Associated Press says.
For every dollar that it spends, the government will borrow 46 cents.
Deficits will never fall below $500 billion any year between 2010 and 2019 - and the cumulative total will be $7.1 trillion.
That's deficits - the amount borrowed, and billed to our children and grandchildren, to pay for today's excesses.
If we don't go on this government spending spree, it has been argued, the recession might last another 10 years.
History suggests otherwise.
But even if it were true, how can we, in good conscience, do this? Why not bear the burden ourselves, instead of shifting it to future generations?
Debt service alone will impoverish just about everybody but the ultra-rich in the future - or gobble up money needed to provide legitimate government services.