If only we’d elected Ron Paul
Obama’s budget for the fiscal year ending October 1 is now at $3.6×10^12. I don’t know about you, but a quick calculation revealed that this budget means that my household’s share (assuming each American is responsible for 1/300,000,000th of it) is now EQUAL to my household’s income.
How the heck are we going to pay for this? I’m willing to pay some extra taxes, especially if the increase is offset by a reduction in my health care costs. But I can’t afford a 100% tax rate. And my household’s share of the current national debt is now larger than most mortgages.
If the GOP wants an issue to help bring them back into power, they should devise a plan to cut the debt somehow. But short of defaulting on it, I just don’t see how that’s possible.
We’re all hoping so desperately that the economy will recover and everything will get fixed. It’s a nice dream, but it reminds me of the gambler who’s way down, praying that he’ll hit a lucky streak and break even before the bookie tells him it’s time to pay up.
Maybe this whole democracy plus capitalism is inherently unsustainable? Or maybe it’s just our military hegemony that makes it fall apart.