President James Madison said each generation should bear the burden of its own wars, not foist their expense off on future generations. Since Barack Obama became president, he and the Congress have been responsible for one-third of the current national debt. Record spending for entitlements, war, bailouts to banks, businesses and states have paved the way for future unfunded liabilities of up to $100 trillion.
Obama and the Democrats, who hold to the Keynesian theory of economics, spout the class warfare argument that we need to tax corporate jet owners and raise taxes on millionaires and billionaires to preserve the sacred cows of big government.
Meanwhile, the clueless leadership of the Republican Party demands spending cuts that are only symbolic. Even if both parties got their way — by closing tax loopholes and cutting spending — the savings wouldn't be enough to reduce our national debt, which is the greatest threat to our nation's security.