CBO report: Debt will rise to 90% of GDP:

http://bit.ly/ceUMSV

then

Supply fears start to hit Treasuries

http://bit.ly/beCex4

- - -

I was going to say, jokingly, that Obama proves the proverb which says
"Once you go black, you don't go back," but actually, in his case that
is only half true. The whole truth about him is that "Once you go Red,
you're economy will be dead."

Seriously, how do Obama's deficit spending policies, which in the
best-case scenario make Bush's absolute worst budget look like a case
study in fiscal Scroogery, make any sense whatsoever, outside of a
determined goal of destroying the US economic and political system?

And I won't even mention the vast expansion of IRS power under
ObamaCare to rummage through private bank accounts, or force private
citizens under penalty of prison to purchase a product they may/may
not want or need. For that matter, I won't even mention that he
continues with the same rendition, Patriot Act, and Guantanamo
policies that had certain folks of sensitive disposition in this
august forum in full-throated conspiratorial dictatorship alert, not
too many moons ago.

How in the world can anyone, on any basis, justify what Obama is doing?

- Publius

-- 

"It ought never to be forgotten, that a firm union of this country,
under an efficient government, will probably be an increasing object
of jealousy to more than one nation of Europe; and that enterprises to
subvert it will sometimes originate in the intrigues of foreign
powers, and will seldom fail to be patronized and abetted by some of
them. Its preservation, therefore ought in no case that can be
avoided, to be committed to the guardianship of any but those whose
situation will uniformly beget an immediate interest in the faithful
and vigilant performance of the trust." [Federalist Papers #59]

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