Thomas Sowell: National Debt Reaching Unfamiliar Heights

Summary

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RUMORS of Congressional Democrats privately expressing disapproval of the Obama administration's actions and policies have been given more credence by such things as House Speaker Nancy Pelosi's public criticism of White House spokesman Robert Gibbs. But when two long-time Democratic pollsters, Patrick Caddell and Douglas Schoen, called President Obama "cynical" and "racially divisive," that was a dramatic statement. It was like saying that the emperor has no clothes.

A much more rhetorically subdued but nevertheless devastating implicit criticism of current government spending policies came from an even more unlikely source: the Congressional Budget Office, whose director is a Democrat.

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Thomas Sowell: National Debt Reaching Unfamiliar Heights

Without naming names or making political charges, the Congressional Budget Office last week issued a report titled "Federal Debt and the Risk of a Fiscal Crisis." The report's dry, measur...

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