I think this graphic says it all:
If that's not enough, listen to what Madame Yellen has to say:
“I guess one recommendation that I would give you is that long-term budget deficits, we can see in, for example, CBO’s very long-term projections, that they remain,” said Yellen. “There is more work to do to put fiscal policy on a sustainable course. That progress has been made over the last several years, in bringing down deficits in the short term, but that a combination of demographics, the structure of entitlement programs, and historic trends in health-care costs, we can see that over the long-term deficits will rise to unsustainable levels relative to the economy."
So, the Dems who have fought tooth and nail any effort to reduce the growth of Gov't spending, who have taken the "historic trends in health-care costs" and placed those directly on the backs of taxpayers via PPACA, who gave us the Stimulus - or should I say Stimuli - have contributed mightily to....umm....what's the vernacular term? ...driven the economy deeper into the ditch....then covered the car in the ditch with gasoline and lit the car on fire....then pissed on the car while its burning.
More:
According to the CBO, “mandatory” federal spending will increase approximately 58 percent over the next ten years, rising from $2.32 trillion in 2015 to $3.664 trillion in 2024. Over that decade, total federal “mandatory” spending will be $29.737 trillion.
Can you say "unsustainable"? And folks wonder why there was opposition to raising the debt limit.
http://www.cnsnews.com/news/article/...ainable-levels