Yes, water carriers, we are broke
Posted by Jon Sanders at 09:38 AMReason TV explodes the statist sophistry of Moore, Maddow, the New York Times, and other voices of kleptocracy. Some highlights:
Here are federal deficit projections from President Barack Obama's own proposed 2012 budget. He predicts that the red ink will continue to flow for as long he may be in office.
And what about the states? ... Here's a picture that suggests broke is a pretty good description of state finances:
Then there's local government. The National League of Cities is estimating that aggregate revenue shortfalls between 2010 and 2012 will end up totaling somewhere between $56 billion and $83 billion.
As President Obama put it plainly in his State of the Union Address just a few weeks ago, "We have to confront the fact that our government spends more than it takes in. That is not sustainable." ...
» Return to posts for March 08, 2011
» Return to the Locker Room