Unsustainable

The trained hamsters of the main stream media figuratively smiled and told us all the good news—this year's deficit is only 426 billion dollars. Only!

For those progressives who are mathematically impaired, that's 426,000 million dollars. But possibly 426,000 is a number that's difficult to grasp. Consider things this way: That amount of money could be used to provide a $1,000,000 dollar stipend to to used by 8,520 schools in each of our 50 states (some states don't even have 8,520 schools) to improve teacher salaries or rebuild crumbling classrooms, or buy computers, or ... 

Instead, it's pissed away of a litany of wasteful spending, unnecessary entitlements, crony capitalism, unnecessary federal agencies, medicare fraud, ... the list is so long that my fingers would get tired from the keyboarding. The Democrats tell us that all of this wasteful spending is an "investment" but never seem capable of provide a quantitative ROI on the "investment." That might be because there isn't one. The GOP isn't immune to wasteful spending either. Although the party does try to resist, it caves when the Democrats demagogue the issue (e.g., grandma getting pushed off a cliff) and spending continues.

So, we sell the debt to China and other foreign entities and/or print money (think: quantitative easing) and then have to spend even more taxpayer dollars to pay the interest on this debt. It's a deadly cycle that will lead to national bankruptcy.

In a recent report, the Congressional Budget Office (CBO)issue a report, discussed by The Washington Times:

The economy is sluggish but growing and inflation remains low, painting a decidedly mixed picture for the federal government, the Congressional Budget Office reported Tuesday, saying the fiscal situation is improving this year but will snap back by 2018 to swelling deficits and unsustainable debt.

"Swelling deficits and unsustainable debt" are the key words in the paragraph. And here I thought that the Dems were all about sustainability.