According to NEWSMAX.COM, the national debt will double by the time Obama leaves office if we continue increasing the debt at the current rate. In January 2009, when Obama began his first term, the federal debt was $10.6 trillion. As of this week it has increased 57 percent to $16.7 trillion.
COMMENTS:
Anyone have change for a quarter? Are you prepared to leave your children/grandchildren/great-grandchildren
with a $34 trillion national debt?
TODAY’S QUERIES & ANSWERS:
Q. Should ObamaCare really be part of the budget discussions
and the government shutdown? Or, shouldn’t
it really be a separate issue? (Horatio
~ National City, CA)
A. Here’s the lay of the land: we are currently spending
more than we are taking in; anything that we add to expenses is going to
increase the annual deficit and, therefore, the national debt. ObamaCare was originally sold to us as a
reduction in spending. The truth is that somewhere between $500 billion and $1
trillion is going to be added to the deficit.
On that basis alone, it needs to be part of the budget and national debt
discussion.
Q. Do you think a major third political party is a good idea
at this time? (Marla ~ Victorville, CA)
A. In my opinion, the Libertarians have a viable third party
right now. Depending on what the
Republicans do with the budget impasse and ObamaCare in the next days or weeks,
I not only think another party would be a great idea, but 60% of the Americans
agree with me.
Q. Has the truckers rally in D.C. fizzled? (Sammy ~ Davenport, IA)
A. Perhaps. Yesterday’s
turnout was very light. But, the weekend
is not over yet.
TODAY’S QUOTE:
“You might be a redneck if... the
blue book value of your truck goes up and down depending on how much gas it has
in it."~ Jeff Foxworthy
TODAY’S VIDEO:
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