"Deficits don't matter." Uh, wait...

If current trends continue, in less than ten years the U.S. will be spending more just to pay the interest on our huge national debt than it will spend on national defense.

Of course you're reading this on the internet--and the NY Times and other so-called "mainstream" papers keep telling you that everything you read on the Net is wrong.

Except the above forecast is from...the Congressional Budget Office's 2010 long-term budget outlook. So now it's only got a 50 percent chance of being wrong.

Point is, this is what you get when idiots--strike that--when the politicians running the country are allowed to spend--during peacetime--more than the government takes in. It's what happens when politicians and their toadies say things like "hey, deficit spending is good." Or "Deficits don't matter."

They do matter. And you're about to see--up close and unpleasantly--how damn much they matter.

This great jetliner of state is screamin' toward mother Earth at ten thousand feet per minute, and we're 5000 feet above the ground. We have about ten metaphorical seconds to haul back on the stick and pray that the wings don't break from the stress, or we're gonna make a big smokin' hole in some field.