Saturday, March 19, 2016

The other Voldemort...






"And one pundit said our debt is a killer, and becoming more of one all the time." 


I have said in the past that Islamic Terrorists have become the Voldemort of our Administration's rather shallow lexicon. In other words, it is a word which must not be mentioned. Even to this day, that holds true. However, it has recently come to my attention there is another word which also goes unmentioned. It is the other Voldemort. And that word is debt.

I had just addressed this issue not too long ago. However, watching a business show this morning really hit home. The pundits were remarking how none of the 5 remaining candidates for President mentions nary a peep about this word debt. Not a peep. And one pundit said our debt is a killer, and becoming more of one all the time.

The pundit went on to say that even with the most modest of spending plans the five candidates have, it will still run our debt up to $30 trillion by 2026. Even with rock bottom low interest rates, the interest to carry this debt will cost over $1 trillion every year. That would be more than our defense budget. It will become the cancer which will destroy our economy and maybe even our country.

So why is this not discussed? If it is that serious of a problem, why the silent treatment? Because the fix is political suicide. The pill to cure this ailment will be bitter for many - including us retired folks. Our spending needs to be curtailed. Curtained across the board. And the 600 pound monster(s) in the corner have not changed. Only grown. Now it is Social Security, Medicare, Medicaid, AND Obamacare.

Here is the best part. Our undeclared socialist President added another underfunded entitlement called ObamaCare. If our declared socialist becomes President (that be Bernie), he will give us another entitlement - free college. And where will the money for that come from? Who knows? Who cares? Put it on the tab, please!

Listen closely as we get closer to November. Listen to see who has the guts to ask the right question(s). And then listen to the answers. You might just hear silence. You might just hear silence as we all know the name of Voldemort (or debt) shall never be mentioned... 

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