Good grief, get a load of this debt chart. Doug Ross says it’s so horrifying Obama’s people must have left it in his budget accidentally.
Most children born today will be alive in 2084 (at least if Obamacare is repealed, they will) but what will life be like then? What about their children? Apparently, Treasury Secretary Timothy Geithner and President Obama don’t care about them, since they can’t vote in the next election. (They prefer dead voters.)
James Pethokoukis reported what Geithner had to say about the national debt [emphasis original]:
Testifying before the House Budget Committee today, U.S. Treasury Secretary Tim Geithner told Chairman Paul Ryan the following: “We’re not coming before you to say we have a definitive solution to that long-term problem. What we do know is we don’t like yours.”
Actually, President Obama sort of did have a definitive solution. He created a debt commission, which devised a long-term debt reduction plan. Which the president rejected. And instead, we get this new budget proposal, which makes no effort to deal with Medicare, Medicaid, and Social Security — the long-term drivers of U.S. federal debt. The debt curve never gets bent, as the above White House (!) chart shows. It just goes up and up and up — until the heat death of the universe or the economy is struck by a Greek-style debt crisis.
Here’s the chart Geithner and Obama don’t like (they don’t mind the red, it’s the green part they object to):
Which path do you think the children who don’t yet have a vote would choose?
Update: Related reading at the Washington Examiner – We’re on track to hit the debt ceiling again before the next election. Republicans ought to start working on a message now, so the Democrats don’t get away with accusing them of wanting to starve grandma and grandpa.
The Other McCain linked – thanks!