The Treasury Department reported to Congress Friday that “the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year”. In hard number terms, this is an increase of $6 trillion to an estimated $19.6 trillion! Furthermore, when has the government debt forecast ever come in low?

What else can we expect when government is crowding out private investment, leading to reduced tax revenue? Remember, of the 441,000 jobs “created” in May, only 55,000 were in the private sector. Additionally, a large portion of the “created” public sector jobs were temporary census jobs, which have been shown to be wrought with waste and fraud.

Waste and fraud, this is the story of our government, a driving contributor to a debt that will by 2015 (or likely sooner) exceed the value of all goods and serviced produced in the US in 12 months!

It’s good thing for all of us that mop has been so well used on Pennsylvania Avenue over the past two years.