Spenders Anonymous

President Obama provided me an extremely good laugh today. In his speech to the Brookings Institution, the President made the statement, "So one of the central goals of this administration is restoring fiscal responsibility." Really? I heard this statement and it made me think of the recent comedy movie Confessions of a Shopaholic. I guess this Administration has been doing such a good job with saving money that it needed to buy something nice for itself. Maybe $787 billion dollars for a failed economic stimulus. Or maybe about a trillion dollars for a health care "reform" plan that nobody wants.

The United States can't drown in red ink forever. Eventually, either the taxpayers will be required to pony up with crushing tax rates, or the government will try to induce monetary inflation in order to escape the problem. Both will have terrible consequences for Generation X and many future generations.