Debt Matters

Reason number infinite why ObamaCare will fail:  who is going to vote for $2.5 Trillion in new spending?

Peggy Noonan outlines the new political reality:

“People are freshly aware and concerned about the real-world implications of a $1.6 trillion dollar deficit, of a $14 trillion debt. It will rob America of its economic power, and eventually even of its ability to defend itself. Militaries cost money. And if other countries own our debt, don’t they in some new way own us? If China holds enough of your paper, does it also own some of your foreign policy? Do we want to find out? And there are the moral implications of the debt, which have so roused the tea-party movement: The old vote themselves benefits that their children will have to pay for. What kind of a people do that?

It has been two or three years since I have heard a Republican or conservative say deficits don’t matter. Huge ones do, period. As for Democrats and new spending, the air is, for now, out of the balloon.”

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