The Debt Commission and Government Excess

Published December 2, 2010 11:30am ET



The debt commission’s report, to be voted upon tomorrow by the commission’s members, is a provocative proposal that should help to jump-start serious discussions about paying off (or at least not continuing to add to) our $13.8 trillion debt. In truth, the commission’s report is the best that one could realistically hope for from an administration that has added to our debt in unprecedented fashion – even without counting the looming costs that Obamacare, should it manage to escape repeal, would spawn. 

On this date just two years ago, when then-President-elect Obama was assembling his team to take office, our debt was $10.6 trillion – or $3.2 trillion less than today. So, our national debt has increased a staggering 30 percent during just the first two years of his watch.

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