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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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...while President Obama has presided over an unprecedented federal spending spree, he's far from the first White House occupant to run up big debt numbers while insisting that he's moving toward lowering them -- eventually.
He's also not the first politician caught between contradictory public demands of lower spending and higher benefits. A Washington Post-ABC News poll released last week reports that 78 percent of Americans oppose cutting Medicare spending, and 69 percent oppose cutting Medicaid.
Yet even most liberal Democrats, including the president, concede this indisputable point: America's long-term debt crisis will never be solved without containing the soaring costs of Medicare and Medicaid.
Read it all.
Filed under: * Economics, Politics Economy Credit Markets Currency Markets The U.S. Government Budget The National Deficit Politics in General House of Representatives Office of the President President Barack Obama Senate
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