So we stopped for a moment and looked at the problem. We didn’t have statesmen. We had politicians. They wrote themselves another check for 2.4 trillion dollars(2,400,000,000,000) and Barack will sign it today or tomorrow. It’s all bread and circuses from here on.
I’ve mostly given up on quotes, but these two say it all.
Social Security, Medicare and Medicaid alone absorb all federal discretionary revenue, the rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans—the whole rest of the discretionary budget is being financed by China and other countries.
–Alan Simpson, co-chairman of Barack Obama’s debt and deficit commission, July 2010
This debt is like a cancer, it is truly going to destroy the country from within.
–Erskine Bowles, co-chairman of Barack Obama’s debt and deficit commission, July 2010