A SIMPLE MATTER OF BAD MATH

Here’s another one of those obnoxious Friday news farts, (bad news that comes out when it’s most likely to get buried on Page 13). The White House now admits that the Federal debt, previously forecast by them to grow by $7 trillion in ten years, will actually grow by $9 trillion. Once again, the White House is been forced to admit to a “slight miscalculation.”

Let’s see….the “slight mistake” amounts to $2 trillion and change. Since the original forecast was $7 trillion, that’s a 35% error. I suppose that, since it’s less than 50%, it’s slight, in Administration terminology.

Moving on, the national debt was estimated to be $11 trillion in ten years before all of this massive spending; now, it will be $20 trillion. At that point, it becomes almost impossible for this nation to ever get out of debt due to the interest alone. And, we haven’t piled on the costs of the President’s new Government-Run Health Care Plan yet.
Obama insists that the costs of the new plan will be fully covered through cuts in Medicare, increased taxes on the wealthy, and other tricks of the political double-talking trade. Before he came up with that spin, he was talking about $950 billion in costs and the CBO was saying $1.5 trillion. Let’s go with the CBO, since they so far have been right 100% of the time and the White House has yet to be right once.

On that basis, the debt will be at $21.5 trillion and, according to many economists, unsustainable. It will be a debt that will eat us alive and a debt that we will never be able to pay off. Ongoing expenses of government plus interest on the national debt will, at that point, be larger than the taxing resources can cover.

Oh, and a small mathematical "by the way..." The national debt ceiling is set by law at $10 trillion. What about that?

What comes next? National depression and total 100% socialism within ten years from today’s date. That’s not only bad math, it’s suicidal math.

We have the opportunity to put the brakes on now, and we must persist in doing so. Either that, or we’re going to have to start killing off our seniors at age 65 in order to avoid our Social Security and Medicare obligations. Since we don’t have enough burial plots in the country, we’ll just toss them all into the ovens.

We need to stop this madness now.