Washington Post editorial, "The Coming Debt Panic":
We're doomed. Adding another gigantic entitlement program? Re-arranging the chairs on the deck of the Titanic.
HT: The Mark Levin ShowConsider: In the space of a single fiscal year, 2009, the debt soared from 41 percent of the gross domestic product to 53 percent. By way of comparison, the average for the past half-century has been 37 percent. This sum, which does not include what the government has borrowed from its own trust funds, is on track to rise to a crushing 85 percent of the economy by 2018. Getting the debt back down to a reasonable level will require extraordinary, almost unimaginable, fiscal discipline and political cooperation. Failing to do so will lower the national standard of living and ultimately threaten America's economic stability.
We're doomed. Adding another gigantic entitlement program? Re-arranging the chairs on the deck of the Titanic.



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