There's good news on the horizon, though. According to a WSJ editorial,
The deficit is forecast to stabilize at $800 billion between fiscal years 2015 and 2018 before beginning to rise again, according to the White House projections. The projected rise is due to the retirement of the baby boomers, which is expected to result in increased spending on Medicare and Social Security.If those facts aren't enough to warrant issuing arrest warrants for everyone involved, I can't think what would be considered enough. When I was in business — thankfully several years ago now — that would have constituted a clear case of embezzlement. Progressives, of course, have another name for it, something that sounds ever so much nicer: wealth redistribution.
I can't help but be reminded at this juncture of Mencken's definition of democracy: "the theory that the common people know what they want, and deserve to get it good and hard." But I doubt even the cynical Mencken foresaw they would vote themselves into becoming Zimbabwe.
Hyperbole? Take a look at two graphs prepared by the Heritage Foundation.
And people still sometimes say (the admittedly dreadful) McCain would have been far worse. It's truly hard to see how.