Wednesday, February 3, 2010

Fiscal Conservative Democrats Conflicted.

Congressional Democrats, like Senator Conrad of North Dakota, are conflicted about the rising deficit, rising unemployment, rising food costs, and party loyalty. According to the the Wall Street Journal, Sen. Conrad is feeling the heat of the $3.8 Trillion dollar Obama Budget. The most informing part of the WSJ article was this;

"Most economists agree that the country's public-debt burden-now at $7.75 trillion and growing- poses a threat to economic security. Interest payments devour nearly one-tenth of federal revenues and are projected to more than triple over the next 10 years. Spending on Social Security, Medicare and Medicaid consumes an additional 57%. The administration projects that those entitlement programs, as they are know, plus interest on the debt, will absorb 80% of all federal revenues by 2020."

So, does Sen. Conrad and other Congressional Democrats abandon Mr. Obama and his deficit spending and help save the country from economic disaster, or do they go down with the sinking ship called the Democrat Party?

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