Nat’l red (Ink) alert – Uncle Sam’s sinking credit

April 19, 2011 06:45


[Obama] means to keep the spending pedal headed straight for the bankruptcy metal in flat-out pursuit of his social-redistributionist agenda.

By Michael A. Walsh at New York Post

EXCERPTS:

Unless Congress and the White House stop the fiscal shenanigans and get serious about cutting both the deficit (the year-to-year shortfall, now over $1 trillion) and the national debt (above $14 trillion and soaring), the “full faith and credit” of the United States is in danger of becoming an international joke.

Meanwhile, President Obama — who as a senator vehemently opposed raising the debt ceiling in 2006, but now says he was wrong — signaled in his speech last week that he means to keep the spending pedal headed straight for the bankruptcy metal in flat-out pursuit of his social-redistributionist agenda.

The productive citizenry can longer be looked on as a milk cow. No one argues that there shouldn’t be some sort of social safety net. What we ought to be discussing are its practical limits.

FULL ARTICLE



Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

Interested In Further Reading? Click Here