90% is an A- minus, right? Well not in this case. According to the newest CBO report, the national debt will rise to 90% of GDP.

This report also details that President Obama’s fiscal 2011 budget will generate approximately $10 trillion in cumulative budget deficits over the next 10 years. This is $1.2 trillion more than the administration had projected the deficit to be.

In addition, the CBO reports that the federal public debt was $6.3 trillion – or $56,000 per household – when President Obama took office. Under the President’s current spending plans the federal public debt will rise to $20.3 trillion – or $170,000 per household – in 2020.

Now I am not familiar with the financial status of the loyal Gormogon operatives, but your Mandarin doesn’t have an extra $56,000 laying about, let alone $170,000. Even if I sold some of the personal belongings of GorT, Czar, and the Notorious CEV, or just sell ‘Puter into sexual slavery on eBay, I’m sure that I would still be about $55,000 short on what I “owe” now.

I know that the majority of people on the left feel that it is OK for the government to spend money since it is someone else’s money. Hell some on the left don’t even believe that it is your money, but that it belongs to the government, and the government is just being gracious allowing you to use it to conduct simple transactions such as buying food. In reality, the government only has money through the hard work of the American people and business. Sure the government can print as much money as it wants to, but true wealth is only created through the productivity of the American people and business.

The more that we vilify the business community and those that have worked hard to create wealth, the poorer this nation will become.

Well, I guess it’s time for me to go to the local hardware store to purchase a wheelbarrow. Your Mandarin feels that this will make it easier to carry my stack of 3 billion Deutsche Marks down to the grocery store for a loaf of bread.

The Mandarin

The Mandarin, whose real name is 吏恆, joined the order in 1309, and introduced the Gormogons into England during the 18th Century.

The Mandarin enjoys spending time with his pet manticore, Βάρἰκος, or Barry (who can be found in the Bestiary). When not in the Castle…well, frankly, nobody is quite sure where he goes.

The Mandarin popularized the fine art of “gut booting,” by which he delivers a powerful kick to the stomach of anyone that annoys him. Although nearly universal today, the act of gut booting or threatening someone or something with a gut boot is solely due to him.