The "heads of President Barack Obama's national debt commission painted a gloomy picture Sunday as the United States struggles to get its spending under control," The Associated Press reports.
Republican Alan Simpson and Democrat Erskine Bowles told a meeting of the National Governors Association that everything needs to be considered.
Revealingly, though, no one mentioned closing down the federal departments of Agriculture, Education, Energy, Labor, or Health and Human Services.
That's because when these heads of President Obama's panel say "everything" is "on the table," by everything they mean every possible "tax increase."
Sizable spending cuts? Impossible!
In fact the group's leaders now publicly acknowledge that decades of federal spending growth -- decades of feeding the public sector at the expense of those who actually generate wealth -- have brought us close to chaotic bankruptcy.
The nation's total federal debt next year is expected to exceed $14 trillion -- about $47,000 for every resident of the United States.
The entirety of the nation's current discretionary spending is consumed by the Medicare, Medicaid and Social Security programs, said former Sen. Simpson. "The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans, the whole rest of the discretionary budget, is being financed by China and other countries." China alone currently holds $920 billion in U.S. IOUs.
Make no mistake: The purpose of this commission is to erode resistance to tax hikes, though the Democrats will stay carefully mum about which taxes will be raised, and how high, till after November.
Then, even should they lose big, the plan is to hold a lame-duck session in which departing majority Democrats, with nothing to lose but their souls, will ram through the tax hikes necessary to fund the additional boondoggles they've been enacting over the past two years, regardless of the economic death spiral into which that will likely drive the nation.
And let's be clear: A vote for Harry Reid in November is a vote to continue down an unsustainable path of bigger, more repressive government. A vote for Harry Reid is a vote for a 17 percent national sales tax -- the so-called Value Added Tax -- imposed on top of the personal income tax.
A vote for Harry Reid is a reward for a man who already ramrodded enactment of an ObamaCare bill that will suck an extra $7 billion out of small businesses in the next decade.
This is all consistent with the forthright, publicly acknowledged redistributionist agenda of the Obama administration, which doesn't mind driving the entire nation into poverty if they can accomplish their higher goal of punishing capitalists, businessmen, the middle class and "the wealthy" in "payback" for their supposed years of privilege and oppression.
This is the wealth-destroying agenda that's driving us to bankruptcy. Yet today's Democrats call their patriotic, freedom-loving opponents "extreme"?