August 12, 2010

Inmates running the asylum in DC

On Wednesday the online version of the Wall Street Journal ran a story on the massive debt and continued record deficit spending by the U.S. government, under the direction of Obama and the Dems (but also aided by a herd of Rinos).

For the whole fiscal year they're projecting a deficit of $1.47 Trillion. For comparison, last year's record deficit was $1.42 Trillion. But actually that's not what got my attention the most.

Instead, several other items did:
The government has paid $185.25 billion in interest payments alone so far in fiscal 2010.

The second attention-getter:
The feds took in $155.5 billion in the month. But the gubmint spent $320.6 billion.

Let that sink in for a second: These morons in DC, these idiots, these incompetents, didn't just overspend their income by five or ten percent. Rather, at their majority direction the government spent over twice what it took in in the month.

These are the folks the majority of American voters have put in charge of the nation.

Third odd thing: Nowhere in the article did they mention the total national debt.

Struck me as odd for a story ostensibly about the financial woes of the federal gubmint. In fact that's such a logical part of a piece like this that the omission is puzzling. Almost glaring in its absence.

And yes, there probably is a reason.

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