Remember this past August when members of Congress wailed and gnashed their teeth as they wrangled over lifting the Federal Debt Ceiling to 15 TRILLION dollars?
Well, it has taken the Obama administration all of 100 days to blow through that credit limit, and the spending spree continues. At this rate of deficit spending, we will have amassed a National Debt somewhere in the neighborhood of 19.5 TRILLION dollars by the time of our next Presidential Inauguration in January of 2013.
With the U.S. Senate still controlled by vote-buying political hacks like Democratic Majority Leader Harry Reid (who can't even bring himself to cut federal funding for the Cowboy Poetry Festival) you know we're in deep doo-doo.
I love cowboy poetry as much as the next hombre, but not when we have to borrow 40% of the funding for it from China and then stick our grandchildren with the bill.
The 2012 election cannot come a day too soon.
Check out the National Debt Clock to keep up with the latest accounting of our government's irresponsibility.
