How much do you worry about $13-trillion federal debt?
FROM CNN's Jack Cafferty:
If this doesn't scare you, it should:
Our national debt is increasing at the rate of $5 billion a day and has now passed a record $13-trillion. Since President Obama has taken office, the debt has increased $2.4-trillion in less than 17 months. Staggering.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2010/images/02/17/art.debt.clock.jpg caption=" FILE PHOTO: A shot of the National Debt Clock on July 13, 2009. "]
We are in a fiscal crisis every bit as serious as the environmental crisis in the Gulf. And the implications are even more dire.
It doesn't really matter whose fault it is. And blaming someone doesn't make it all right. We, the taxpayers, are the ones who will have to pay.
A piece on CNNMoney.com called "Why U.S. Debt Matters to You" describes how this burden won't only fall on future generations - it will affect all of us.
Several problems could happen sooner rather than later, including slower economic growth and higher interest payments.
Some say if something isn't done soon, the U.S. could face a debt crisis in as few as five years. But nothing is being done; and nothing probably will be. See, there is an election in November and the gutless people we elect to run the country won't do anything until after that - if they even do anything then.
The president has appointed a commission to study the problem. It's pretty much worthless - has absolutely no power to change anything... just make recommendations which aren't due until December.
How many $5-billion-dollar days is that?
Meantime the country is like one of those Toyotas with the accelerator stuck... going faster and faster straight for disaster. And nobody cares.
Here’s my question to you: How much do you worry about the $13-trillion federal debt?
Interested to know which ones made it on air?
Why does Pres. Obama seem to have lost his touch?
(PHOTO CREDIT: SAUL LOEB/AFP/GETTY IMAGES)
FROM CNN's Jack Cafferty:
For a man who was invincible on the campaign trail - Barack Obama seems to have lost some of his magic since he got to the White House.
Politico reports how a series of recent missteps has the president's team struggling to regain its touch. One top Democrat says, it's baffling "how one group of people can be so good at campaigning and so bad at politics."
First, the White House has come under fire for trying - and failing - to coax two Democratic Senate candidates out of running for office... by offering them administration jobs.
Lots of presidents do these things. The problem here is, they got caught and it runs counter to Mr. Obama's big themes of transparency and grass-roots empowerment. No more "politics as usual," etc. ...
Then there's the crisis in the Gulf. A catastrophic environmental disaster the likes of which we have never seen before. The president spends three hours on the beach in Louisiana and then goes to Chicago on vacation. And this happens weeks after the oil began gushing from the busted well on the ocean floor.
Like it or not, there are times when a president is called upon to be a father figure to the nation… to sympathize, comfort and reassure us when things are bad. It's what made Reagan and Clinton so popular.
Whatever happened to that firebrand, charismatic speaker who made a thrill go up Chris Matthews' leg?
The president is in trouble.
As Barack Obama marks 500 days in office - a new average of polls shows only 48 percent of the public approves of the job he's doing . And those numbers aren't good enough if he plans to spend more than four years running the country.
Here’s my question to you: Why does President Obama seem to have lost his touch?
Interested to know which ones made it on air?
@jackcafferty on Twitter
Recent Comments