- The Washington Times - Tuesday, April 9, 2013

ANALYSIS/OPINION:

Victor Davis Hanson is spot on in “After Obama” (Commentary, Monday). Every morning I wake up another day older and $40 deeper in debt. The same is true of the other 85 million U.S. taxpayers.

In President Obama’s first four years, he loaded more than $50,000 of debt onto each of us. In four more years, it looks like he will make it a total of $100,000. To paraphrase the song “Sixteen Tons,” our souls will belong to the Internal Revenue Service.

Do the math: An annual deficit of $1.1 trillion would add $3 billion to the debt every day. That amounts to borrowing $32 every day for every U.S. taxpayer. Annual deficits are larger than $1.1 trillion, raising the daily debt added per taxpayer to $40.

Taxpayers and presidents who continue to believe that deficits and debt don’t matter must be invincibly ignorant.

GEORGE F. STEEG

Potomac Falls, Va.

Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide