Here we go again -- another year of a deficit north of a trillion dollars. Here's the latest Congressional Budget Office report. It says that under the current spending trajectory we're headed to add -- ADD! -- as much as $4.7 trillion to the mounting federal debt, which means we are passing a massive debt service to the next generation.
For those who still think we're going to tax our way out of this spending problem, view the video below. Eating "the rich" isn't going to work, even if it were the right and moral thing to do. And, sooner or later, "the rich" is going to mean you.
Spending discipline -- not class warfare -- is the only answer.