The Growing Debt: Our national “balloon payment” is coming
Most responsible adults, if faced with crushing debt, would try hard, very hard, to cut expenses. We’d also try hard not to add to our already overburdened debt load. That doesn’t require a Harvard degree, it’s simply common sense, a.k.a. responsible fiscal behavior.
But President Obama and the congressional majority feel compelled to force a major new entitlement on an already overburdened national balance sheet. All of the dishonest budget manipulation available to the Congress can’t hide the fact that current health care legislation will add trillions of dollars in debt over the next few decades and set the stage for enormous, possibly intractable problems later.
But the President and the Congress simply don’t care. Like spoiled children who want what they want regardless of the costs or consequences, they embrace their delusional view of future costs. After all, bankrupting the country is a small price to pay for their warped version of “social justice.”