Commentary on our federal debt and our future

Obama said the other day that the debt was $1.4 trillion. The New York Times had it in a headline and no one questioned it.
The Bureau of the Public Debt at the Treasury Department, said it is $1.885 trillion, almost half a trillion more than the president. You can figure out who is telling the truth.
The way Obama and Democrats do it is they don’t count the money that they spend from the trust funds. They give the trust funds like Social Security an IOU and the IOU is worthless because it’s part of the national debt. It is not embezzlement or fraud only because the government is doing it. It is deceit and misrepresentation.
Now for the question of healthcare…some liberals call it reform… and its impact on our economy should be considered.
It’s going to cost over $2 trillion, but the worst part of it is that the states, which are virtually bankrupt — now about $200 billion in the hole — are going to have to pay 43% of it.
The federal government (us) for a couple of years is going to pay the major portion of it, but then after the few years the states are going to be saddled permanently with picking up the tab.
RESULT: Property taxes, state income taxes, and sales taxes will go up.
BHO said it is not going to hurt the middle class but property tax is a major hit on the middle class.
BHO is going to take maybe about $1 trillion out of Medicare. Is this going to reduce the benefits to people that have paid into the system? I think we know that answer.
BHO and the left wing of the Democratic Party and the mainstream media are “masters of deceit” and spin when it comes to the spiraling debt. They are working to fool the American people by calming them. You can see that in many articles today. Do you understand why the dollar has trended down against other currencies and gold?
Noting that half the people in the U.S. pay no federal income taxes and are supported by the other half, we have no responsible group in America who is taking care of the middle class. The Republicans claimed they were going to, then under Geo. W. Bush they became like the drunken Democrats in spending habits.
I am afraid it is probable that Democrats my win this round due to the Obama distortion, but when they do they must then become responsible to the people, because the path we are on is a path of absolute and pure destruction.
Remember, USSR was not invaded; it imploded because of their debt and their broken economy. Our federal government is now the lead player in destroying the economy.
Some estimates place America’s debt at $25 trillion by 2019, with $1.5 trillion a year in interest payments. We must terminate this insane spending, or we are going to spend ourselves into oblivion.