Against the Boehner Plan - Andrew C. McCarthy - National Review Online

Against the Boehner Plan - Andrew C. McCarthy - National Review Online

You could call this a cruel joke on a country that is already well over $14 trillion in debt — a country in which every newly born child opens his eyes as a debtor, well over $30,000 in the hole. But that would be premature, because I haven’t gotten to the punchline yet. The reason Speaker Boehner and the Republican establishment have suddenly stirred themselves to “cut” spending is their determination to keep the Ponzi scheme going. The “cuts” — less than $100 billion of which are real (the rest are consigned to the illusory “out years,” meaning they’re the responsibility of some future Congress) — are to be made in exchange for giving the government the authority to borrow another $2.5 trillion.

This will last only a few months because, at a rate of about $46,000 per second, the United States sinks $4 billion deeper in debt every day. But the $2.5 trillion stands to get President Obama through reelection without having much more attention called to his starring role in our dire straits.

What a brilliant mind and writer.