The American left is the most self-indulgent, arrogant, and spoiled group of people on the face of the earth. They live in a nation facing national bankruptcy and societal upheaval -- a country presently subsisting on the residue of past economic achievements. Yet the only things that matter to them are their lifestyles and imposing their self-determined superiority on rest of the American people. The true indebtedness of the United States now exceeds $222 trillion. Appearing on National Public Radio in August of 2011 Professor Laurence J. Kotlikoff of Boston University said: If you add up all the promises that have been made for spending obligations, and subtract all the taxes we expect to collect, the difference is $211 Trillion. This is the fiscal gap. That is our true indebtedness. Since that interview, the indebtedness has increased by another $11 trillion. Yet these estimates do not include the full impact of ObamaCare, which could add another $17+ trillion. On the other side of the ledger: the annual Gross Domestic Product....
(Read Full Article)
COMMENTS ON AMERICANTHINKER