Open Thread

For general discussion and debate. Possible talking point: the unbelievably expensive first 100 days!

Since his inauguration on January 20, 2009, President Obama has proposed new spending programs that will add over the next 10 years $6.5-trillion (all figures U.S.) to the American national debt. That’s $6.5-trillion over and above the debt that would have been incurred had the existing policies been left alone. (Not that those existing policies were so great either.) That’s $65-billion in new debt every single day of the first 100. Expensive. And this figure is surely too low, because it is based on (1) almost certainly unduly optimistic assumptions about the growth of the U.S. economy over the next few years and (2) unduly optimistic assumptions about the costs of President Obama’s health-care ideas.

Read the entire scary piece and offer comments.

NB Staff
NB Staff