Why Democrats Don’t Care about $9.7 Trillion Debt


As reported by The Washington Post, “President Obama’s proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday.”

CNN adds, “Of that amount, an estimated $5.6 trillion will be in interest alone.”

The Post continues: “The CBO (Congressional Budget Office) and the White House (are) … both predicting a deficit of about $1.5 trillion this year — a post-World War II record at 10.3 percent of the overall economy. But the CBO is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama’s policies and would begin to grow rapidly after 2015.

“Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said.”

CNN adds that “By 2020 the (CBO) estimates debt held by the public would reach $20.3 trillion, or 90 percent of GDP. That’s up from 53 percent of GDP in 2009.”

I suspect that most Americans, if asked whether these numbers trouble the Democratic leadership and President Obama, would answer in the affirmative.

They would be wrong.

They would be wrong not because the Democratic Party or the president are economically illiterate or bad individuals, but because the Democratic Party and the president are leftists. And most Americans, including most Democrats, do not understand the left. They may understand liberalism; but President Obama, Nancy Pelosi, Harry Reid, and most Democratic representatives and senators are not liberals; they are leftists. And most Americans do not understand the difference between liberal and left. They do not realize, for example, that there is no major difference between the American Democratic Party and the leftist social democratic parties of Western Europe. They do not know that from Karl Marx to Obama, the left (as opposed to liberals) has never created wealth because it has never been interested in creating wealth; it is interested in redistributing wealth.

Therefore, unprecedented and unsustainable debt, a debt that will negatively affect most Americans’ quality of life, renders the dollar increasingly undesirable, and undermines America’s prestige and power in the world — these developments do not particularly disturb the left. They may trouble the president, the Democratic Party, and others on the left on some political level, but that pales in comparison to what the left really wants: a huge government overseeing a giant welfare state and a country with far fewer rich Americans.

Achieving those goals is far more important than preventing a decline in the American quality of life. The further left one goes, the more contempt one has for the present quality of American life in any event. The left regularly mocks many of the symbols of that life — from the three-bedroom suburban house surrounded by a white picket fence to owning an SUV (or almost any car) because Americans should be traveling on public buses, trains and bicycles.

As for the dollar, I can bear personal testimony to the decline of the dollar’s prestige. I am writing this column in Morocco. In Casablanca, my wife and I and another couple hired a Moroccan driver for the day. And when it came time to pay, the man refused to accept dollars; he wanted to be paid in either Euros or Moroccan dirhams. Yes, dirhams rather than dollars. But the demise of the dollar as the world’s currency disturbs the left as much as does America’s not getting a gold medal in curling at the Winter Olympics.

And as for America wielding less power in the world, that is a positive development for the American left. It is the world community as embodied in the United Nations that should wield power throughout the world, not an “overstretched,” “imperialist” and “militarist” United States.

I used to believe that left and right have similar goals for America, that they just differed in the means they wanted used to get there. I was mistaken. The left has a very different vision of America than those who hold the founding values of America, most especially individualism and small government. And if the price of a once in a lifetime possibility of getting to a giant welfare state dominated by the left is America’s steep financial decline, that is a price fully worth paying.

  • http://intensedebate.com/people/Doggwood Doggwood

    Obviously this insane borrowing must stop. And it will stop, one way or another…but I'd rather it stop because we decide to stop, not because we no longer exist as a viable nation. But where is the political leadership that will make the hard choices? Because if we stop with the spending, the special interests will scream and scream and scream. Yes, Obama is digging us into our graves. But George Bush and the Republican majority took Bill Clinton's surplus and turned it into disaster, pandering to all comers. Sure, *now* the Republicans are talking fiscal sense. Just like, when they were out of office, the Democrats talked fiscal sense. Obama solemnly swore during his campaign he was going to address our problems head-on, and not merely defer them to the next generation. Filthy lying opportunists, every one of them. Say whatever it is we want to hear, and then wallow in their power and stolen money. Praise the parasites the eat at the taxpayers' trough, and curse the taxpayers that fill that trough. Washington no longer serves America; America serves Washington. And Washington has gone mad. Washington has declared war on America. The time has come to stop pretending it hasn't.

    • http://www.tstark2010.com Tom Stark

      Yes, and the American people continue to vote in the establishment politicians and fail to financially support the grass-roots candidates who have the guts to go to Washington to kick some butt and get us back where we belong. When the voters wake up and realize that they had to contribute to get what they really needed, it will be too late. It seems like it is always someone else's job to spend the money to fix the problems, but it is the taxpayers' money that is being stolen from them and they don't even get it. Wake up America!!!

      • wsk

        You are a misguided multi columned weasel. Go back to Air America.

    • BS1977

      It isn't borrowing, it's thievery, stealing money from children who will be paying for this idiocy in the future. The government is spending money it does not have. If any business behaved like the US government…it would be shut down for fraud, grand larceny….The present spending makes Bernie Madoff look like a piker.

    • http://Hollywoodremoteleash.com A Bit Profound

      Wm. Dumbass — Stop your replys, They are stupid beyond belief. If you were smart you'd see Obama is a Communist like you and trying delibertly to drive us to economic collapse so he can declare martial law, giving him the powers of a dictator & enabeling him to complete the framework for dictatorship he is building. WAKE UP & PAY ATTENTION

  • William Smart

    Take a look – it was Bush who ran up the enormous debt that the US groans under, and it's a miracle that the credit-crunch has not been much, much worse than what we've seen.

    Obama is now spending his way out of the recession, and that's probably the right thing to do – anyone who is now seriously worried about debt can only bite their lips, knowing that real idiocy did happen, and it's not from Obama.

    • http://www.intellectualconservative.com Steven Laib

      The spending is not helping end the recession. It never has in the past; it only prolongs the agony by preventing the economy from correcting the distortions that occurred before the "collapse." The best way to end the recession is to get out of the way, let the adjustments happen, and allow people to rebuild their businesses.

    • http://intensedebate.com/people/The_Inquisitor The_Inquisitor

      The Democrat controlled congress of the Bush administration was a piker compared to the Obama administration.

      It is impossible to spend our way out of a depression. Wealth is not created by printing money or rearranging the ones and zeros in the Fed computers. Government spending destroys real productive jobs replacing them with government sanctioned payrolls.

    • Joel

      Deficit spending never helps an economy recover. Why is it that people do not get that? Spending more money than we take in is NOT going to put people to work, drive down the deficit, or free up money to loan to investors. In the history of the world, it never has, and despite most people's feeling about Obama, even he can't make it so

    • Nivek Nosredna

      Bush? Bush, what has he got to do with it… Obama out spent Bush and every president before him; Bush? Is anybody talking about Bush? that is your best argument??? Bush?

      I am still trying to spend my way out of debt, I pay off one credit card with another one, I wonder how long I can do this?!

    • http://Hollywoodremoteleash.com A Bit Profound

      Wm. Dumbass — Stop your replys, They are stupid beyond belief. The real idiocy happened when your mother let you come to term. If you were smart you'd see Obama is a Communist like you and trying delibertly to drive us to economic collapse so he can declare martial law, giving him the powers of a dictator & enabeling him to complete the framework for dictatorship he is building. WAKE UP & PAY ATTENTION

  • MKS

    Let's see: overspending brought about debt, and debt brought about a recession. So we get out of a recession by really gargantuan overspending? That's not only counter-intuitive; it's just plain wrong.

    When you're in a hole and want out, the first thing you do is to stop digging. And President Obama is digging furiously. He needs to stop, or be stopped.

  • Robert Marchenoir

    Why on earth should your Moroccan driver accept dollars ? The dollar is not legal tender in Morocco. Accepting dollars would mean losing a considerable amount of time (and maybe money, depending on the agreed rate) trying to change them into dinars.

    However, it makes sense for him to accept euros, because he probably has relatives or friends living in Europe and visiting frequently.

    Also, proposing dollars to an individual in Morocco rather smacks of arrogance and colonialism. Maybe a large hotel would accept dollars, because it has the corporate and administrative means of processing such a payment. That's another possible reason why your driver refused. I'd say your attitude was rather insensitive.

    It probably has nothing to do with the status of the dollar as a worldwide currency, which arguably is faltering. Try to pay a taxi ride in dollars in London, Paris, Berlin, Moscow or Tokyo, and the outcome would very probably be the same.

  • EdM

    The real problem with the left is that they believe that if we each have one dollar this is better than if I have ten dollars and you have three. That is what redistribution would accomplish

  • USMCSniper

    $184,000. That is each and every American's share of the US government's approximated $56.4 trillion in current obligations. And every year in which no down payments or reforms are made to these obligations, the total grows by $2 trillion to $3 trillion – or $6,600 to $10,000 per person – on autopilot.

    How exactly does this $56.4 trillion bill add up? First, there are the federal government's known liabilities that it is legally obliged to fulfill. These include publicly held debt, military and civilian pensions and retiree health benefits. As of September 30, 2008, these liabilities added up to $13.5 trillion.

    So where does the remaining $43 trillion or so come from? That's what the government has promised to pay in Social Security and Medicare benefits in excess of related revenues. As of January 1, 2008, current and promised future Social Security benefits amounted to $6.6 trillion. And between Medicare's three programs (hospital insurance, outpatient, and prescription drug), current and future promised Medicare benefits amounted to $36.3 trillion.

  • John C. Davidson

    If they only wanted to control Health Care, we might understand, but they want it all. They have the gaul to tell one lie and cover it with another. Sounds like a complete contradiction of the principles this country was founded upon. What l;awbook does the ACLU abide by? Where are those protecting civil liberties? One third of of government (the Supreme Court) sits on their hands while these clowns destroy liberty.

  • Mike Acker

    the pure politician — of whatever persuasion — has to see his/her ideas implemented in order to validate himself/herself. it matters not at all what the ideas are — it is a mark of ownership — in the same way that a dog marks its territory. but not all politicians are pure: many are crooks attempting to manipulate markets for self-enrichment. these are the two great motivations– avarice and greed — that Franklin warned us of.

  • Mike Acker

    the crooked and the greedy care nothing about what is tright or what is wrong. for them to study history would be a total waste of time. Because for the crooked and the greedy only one thing matters and that is opportunity and only one rule applies and that is “because I can”