Let's go way back in history....to 2001.

We were running huge surpluses. President Bill Clinton handed off a $270 billion dollar surplus to the new President, George W Bush. We were expected to run surpluses of $5 trillion dollars by 2011. The debt was being paid down without using the Social Security funds. The Social Security program was projected to be in good shape for the next 75 years.

But the new President and Fed Chairman, Mr Greenspan, argued that this surplus might not be best for our country. The brilliant new Republican President, Dubya Bush, argued that it was the people's money and that it should be returned to the people that paid it, the wealthy. So he made that the cornerstone of his Administration, huge taxcuts for the wealthy. The surplus started disappearing almost immediately.

So here we are, all those years later, in 2011, with no surplus, up to our eyeballs in debt, Social Security in need of reform, huge deficits, and our government on the edge of default. And it is all Barack Obama's fault.

History is such a downer.

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Nov. 15, 2002 Dick Cheney
"Reagan proved deficits don't matter."


Jun. 7, 2002George W. Bush
"I remember -- I remember campaigning in Chicago, and one of the reporters said, would you ever deficit spend? I said only -- only in times of war, in times of economic insecurity as a result of a recession, or in times of national emergency. Never did I dream we'd have a trifecta."

The interest, alone, on their debt is our 6th largest budget item.

..and the Democrats are letting them.