NIGHTFALL IN AMERICA

(This analysis offered by ex-governor of Delaware, Pete du Pont)

Earlier this month, the Wall Street Journal’s editorial page did an analysis of the federal government’s debt that will be held by the public over the coming decade: 

• When the Democrats took control of Congress in 2007, the debt held by the public was 36.2 percent of gross domestic product.
• It rose to 40.2 percent the next year.
• This year it will be about 63.6 percent, next year 68.6 percent, then 77 percent of GDP in 2020.
• And the Obama administration’s budget estimates 218 percent in 2050. 

The reason for these rising deficits is the huge increases in federal spending — the intended growth of the federal government — that Congress and the president are pushing, says du Pont: 

• The deficit in 2007 was $160 billion.
• In the next year the Pelosi-Reid Congress took it up to $458 billion, and when President Obama came into office in 2009 it hit $1.4 trillion.
• The current 2010 projected deficit is $1.6 trillion, which will lead to a tripling of our national debt from 2008 to 2010. 

To the White House and congressional Democrats, these large figures are not a surprise, a mistake or a worry.  They are part of a strategy to Europeanize America, to make the government larger, broader and in charge of almost everything.  And that would of course require broad and massive tax increases, says du Pont.  

Source: Pete du Pont, “Nightfall in America; The Obama deficits portend a gloomy future,” Online Journal, February 16, 2010. 

(Editor’s Note:  How can any group, whether from the Executive or Legislative Branch of government, feign shock and surprise at the cavernous deficit that they are all too well aware that they are creating?  Pete du Pont’s theory, while deeply disturbing, is entirely plausible.  “Quel surprise???”  N’est ce pas, citizens. ~~Dan Blanchard)