The National Debt.

There is an interesting graphic showing the components of the National Debt. During the Obama regime, national debt is to soar by 2 trillion this year and about 1.2-1.6 trillion each year while he is in office (assuming he does not become "President for life.") And assuming that Cap and Tax and ObamaCare is not passed. How will the country manage this debt?

The debt is financed by taxes and borrowing. The government has to raise this money by taxing us, as citizens. But it doesn't tax all citizens, of course... Do you believe 43% of those filing returns pay no taxes at all? It's true. So who does pay taxes? The top 25% of taxpayers (those with an income of $66,000 or higher in 2007) paid 87% of the taxes. Basically, the top 25% of taxpayers will be the ones paying this enormous debt. In short, the debt "burden" is not just the $736,000 for a family of four earning above $66,000 a year... The government will use the taxes from an upper earner to cover its debts on three other families, too. If you make $66,000 or more, you're in the same boat! And that's just the old debt... New debts are ringing up every day. Literally. The national debt grows by a few billion dollars every day.

A Conservative revolution is needed to reduce the federal government to a manageable size, cut Medicare costs and privatize Social Security after the Chilean mode. Cut the federal spending by half, repeal corporate taxes and reduce regulations so we can have a good economy. Forget about Cap and Tax, drill everywhere there is oil and natural gas, promote geothermal energy production so we can have electric hybrids. And promote the use of new medical technologies (such as talomere therapy to slow the effect of aging).

With a forward looking Conservative philosophy we have a chance. With the Obamabots in power, we have the chance of an ice cube in Hell.