"Deficits May Alter U.S. Politics and Global Power"

By Matt Hawes

Via The New York Times:

By President Obama‘s own optimistic projections, American deficits will not return to what are widely considered sustainable levels over the next 10 years. In fact, in 2019 and 2020 – years after Mr. Obama has left the political scene, even if he serves two terms – they start rising again sharply, to more than 5 percent of gross domestic product. His budget draws a picture of a nation that like many American homeowners simply cannot get above water….

As Dr. Paul said in his “State of the Republic” speech, “We have lived, as a nation, far beyond our means and the message is, for the foreseeable future, that we will be forced to live beneath our means as this debt is paid.”

There is still time to prevent this kind of future from coming to pass, but it will require our elected officials to once and for all abandon their seemingly insatiable desire to run our lives – and real change like that has never been popular in the halls of Congress.

Read the rest.

View the original article at Campaign for Liberty

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