Tuesday, February 26, 2013

Obama votes "present"

Here's the WashPost with an editorial titled "Sequester offers President Obama a time to lead."  Instead, he's off campaigning again.
By 2023, if you believe their promises, the government will be spending only 2.8 percent of gross domestic product on defense — compared to a 40-year average of 4.7 percent — and only 2.7 percent on everything else in the discretionary budget, compared to a 40-year average of 4.0 percent. Meanwhile, the three fastest-growing categories of spending will have become the largest categories of spending: Social Security, health care and interest on the swollen debt. Interest alone will have risen from $224 billion this year to an astonishing $857 billion 10 years from now, according to the nonpartisan Congressional Budget Office. What a pathetic waste of taxpayer money.
This is a point I've been trying to make for a long, long time: if you don't address the rise in entitlement spending, it will crowd out all the spending in the discretionary budget.  There won't be money for first responders, and cool new planes, or park rangers.  It will be all Medicare, Medicaid, Obamacare, with the rest going to service our debt which buys Americans exactly nothing.

Don't worry: Obama is searching the airports of America for the answer:

"Big ole Jet Airliner....don't carry me too far away."

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