"Shocked and Appalled"

Check out this column by Tony Blankley on why Americans should be "shocked and appalled."

The most eye-opening part of this article was the quote from the non-partisan Congressional Budget Office regarding the Obama Administration's 10-year budget (which Blankley calls "the most irresponsible federal document ever released"):

"The federal budget is on an unsustainable path -- meaning that federal debt will continue to grow much faster than the economy over the long run.... Rising costs for health care and the aging of the U.S. population will cause federal spending to increase rapidly.... Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress income growth.... The accumulation of debt would seriously harm the economy. Alternatively, if spending grew as projected and taxes were raised in tandem, tax rates would have to reach levels never seen in the United States (the highest marginal income tax rate so far: 94 percent, in 1944-45). High tax rates would slow the growth of the economy, making the spending burden harder to bear."

Put another way, we're on track to become the next Greece.