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Outstanding federal debt is projected to hit $28.2 trillion over the next decade, according to a report from the Congressional Budget Office. At the end of this year, outstanding federal debt is expected to climb to $19.4 trillion and to rise by $8.8 trillion in the next ten years. The federal government’s budget deficit, which is the difference between how much money the government spends and how much money it takes in through tax collection, will be $590 billion by the end of 2016, $152 billion more than the previous year. Government spending is projected to increase by 5 percent, or $178 billion, while government revenue is projected to increase by less than 1 percent, or $26 billion.
"I undertook this project not because I believe the Constitution, as originally structured, is outdated and outmoded, thereby requiring modernization through amendments, but because of the opposite — that is, the necessity and urgency of restoring constitutional republicanism and preserving the civil society from the growing authoritarianism of a federal Leviathon. This is not doomsaying or fearmongering but an acknowledgment of facgt. The Statists have been successful in their century-long march to disfigure and mangle the constitutional order and undo the social compact."If The Liberty Amendments framed one answer, Plunder and Deceit clarifies and documents the problem. The problem is a problem Levin has been focused on for years -- Progressive Plunder. In this audio addressing teachers' unions opposition to Scott Walker's public sector union reforms, Levin is blunt: "It's plunder! Plunder! That's what progressivism is." Like I said, Levin doesn't waste time. The very first sentence of Plunder and Deceit asks:
Can we simultaneously love our children but betray their generation and generations yet born?
In that seemingly simple question, Levin hits on the essence of what is happening to our country.
Federal Debt Soars to Over $18 Trillion A year or so ago, the Democrats started telling us that the national debt was no longer an issue. This was based on the fact that the deficit was only around half what it was during President Obama’s first few years in office. The fiscal year 2014 deficit came in at *only* $483 billion, a cause for rejoicing in Washington. This represents the smallest deficit as a percentage of GDP since the George W. Bush administration. Still, $483 billion exceeds any deficit ever racked up during the administration of any president other than Barack Obama. (Don’t try to play the silly game of attributing the Democratic Congress’s FY 2009 deficit, which among other things included spending under the failed Obama/Reid/Pelosi “stimulus,” to President Bush.) Word came today that the national debt now exceeds $18 trillion, a little more than the GDP of the United States.Remember all the times Obama said he was going to cut our deficit in half? Dan Spencer of RedState does:
Our ‘Irresponsible’ and ‘Unpatriotic’ $18 Trillion National Debt
