Breaking news: The national debt reached $16 trillion dollars Tuesday according to the Treasury Department.
That is 16,000 billion, or 16 million, million dollars = $16,000,000,000,000.
John Maynard Keynes has got to be guffawing in his grave, and Paul Krugman shaking with excitement.
To all my friends on the left, this should be great news — think Keynes. And if Obama is reelected you can look forward to four more trillion at least in new debt, since he has raised the debt by approximately one trillion each year he has been in office. And hey! The best part is, you don’t have to pay it back! Your kids and grandkids will have to.
Just think of it! All those progressive special interests that will share in this next windfall, like the unions, illegal aliens, welfare cheats, environmentalists, global warming hysterics, and what’s left of ACORN now that it has gone underground and renamed itself, etc., should feel blessed with this news. Even General Motors doesn’t have to compete with other car makers now. Why Obama has even relieved some selected states from the work requirement in the welfare programs, and some states of the requirements in the “No Kid Left Behind” program. Anything for a vote. What a guy!