Exactly. And as David Stockman has long warned, as interest rates continue to inch upward, that debt is only going to get more expensive.
(From Real Clear Politics)
SEN. RAND PAUL: When the Democrats are in power, Republicans appear to be the conservative party. But when Republicans are in power, it seems there is no conservative party.
You see, opposition seems to bring people together, and they know what they’re not for. But then they get in power and they decide, we’re just going to spend that money too. We’re going to send that money to our friends this time.
The hypocrisy hangs in the air and chokes anyone with a sense of decency or intellectual honesty.
The right cries out, ‘Our military is hollowed out!’ Even though military spending more than doubled since 2001.
The left is no better. Democrats don’t oppose military money as long as they can get some for themselves… for their pet causes.
The dirty little secret is that, by and large, both parties don’t care about the debt…
…Take it or leave it. You know what? I’m going to leave it. I didn’t come up here for this. I didn’t leave my family throughout the week and travel up here to be a part of something that is so much inertia, and so much status quo, that they’re not leading the country. They’re just following along, and it’s a big ball rolling down a hill grabbing up your dollars as the boulder rolls down the hill, it gets bigger and bigger, it’s going to crush us.
But nobody has the guts to stand up and say no.