The situation is simple: we have two groups of lunatics arguing over whether we should continue to increase unsustainable spending quickly or slowly. What they in fact are arguing over is whether we want a complete fiscal collapse in ten years, or if 5 years would be more congenial.
There are only a couple sane people in all of Congress. Rand and Ron Paul are the only ones who come readily to mind. We are borrowing over a trillion a year. Obama wants this number to go up by increasing taxes and increasing spending even more.
We are already some 86 trillion in the hole with respect to Social Security and Medicare. This means THE MONEY WILL RUN OUT. THE MONEY WILL RUN OUT.
Our children–well, let me be more specific–YOUR children are going to hate you. They are going to ask how you could be so callous, selfish and irresponsible as to fail to make plans for the future, how you could be so blind.