We are going to pile up another $3 trillion in national debt in just the first two years of the Obama administration. If the annual deficit should sink below $1.5 trillion, it will be called fiscal sobriety.
Why, when we owe $12 trillion, would the Obama administration set out budgets that will ensure our collective debt climbs to $20 trillion? Why are we borrowing more money, when Medicare, Social Security, the Postal Service, Amtrak, etc. are all insolvent as it is?
What is the logic behind something so clearly unhinged?
I present seven alternative reasons â€” some overlapping â€” why the present government is hell-bent on doubling the national debt in eight years. Either one, or all, or some, or none, of the below explain this administrationâ€™s peculiar frenzied spending.