ObamaCare Vs. Defense
By Robert S. Dudney
Editor in Chief
This nation is face-to-face with disarmament by entitlement.
On the morning of Jan. 19, the American national debt stood at $12,276,477,277,649.25, according to the US Treasury. Call it $12 trillion, close to a year’s worth of national economic output. Every US citizen—man, woman, and child—owed an average of $39,900 to the nation’s creditors.
By the time you read this, the figure will be higher, since the debt grows by $4 billion per day. In fact, US indebtedness, which was $5.7 trillion in 2000, is expected to hit a towering $21 trillion in this decade.
This can’t go on, yet it is against this grim background that Washington has been pushing to forge a massive new social welfare program that would make the fiscal mess worse. We manifestly can’t afford it, and all signs are it would pose a special threat to America’s military power.