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Biggest threat: Debt, not climate change

Date published: 2/6/2013

Biggest threat: Debt, not climate change

With all the gushing, lofty rhetoric and inaugural fanfare finally behind us, let's take a cold, hard look at what President Obama said about our nation's future.

In his über-partisan inaugural address, he warned that failure to act on the threat of climate change would be catastrophic and "a betrayal of our children and future generations."

He sounded caring and concerned, but he neglected to address something far worse. Forget climate change, the real threat to our children and future generations is our national debt, currently at $16-plus trillion and counting. Even Obama's own Congressional Budget office says our level of spending is unsustainable. In truth, it is also irresponsible and immoral.

Climate change is merely a "threat," about which many Americans harbor suspicions. Debt, on the other hand, is real. It is tangible.

What's truly frightening is the unfunded liability represented by entitlement spending such as Social Security and Medicare. These items are not factored into the national debt. They are in addition to it, and they make the debt look like pocket change.

Obama's response? Raise taxes on the rich and print more money.

Without serious reforms, future generations, watch out.

James G. Ellis III