Can Obama Raise the Debt Ceiling Alone?

Video - Judge Andrew Napolitano - July 25, 2011

Solid discussion. Runs approximately 2 minutes.

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What's missing from the debt-ceiling discussion, albeit nothing new to DB readers, is spending on wars and the pentagon. It's not even being mentioned as a possibility in any of the competing debt plans, despite the following undeniably depressing and disgusting facts:

From Reddit:

I thought this kind of puts things in perspective. In 2010, the US government collected $898 billion in federal income tax revenues. The same year, we spent $847 billion on useless wars and national defense. That means that 94% of all federal income tax revenue is equivalent to what we spend on the Pentagon. Who out there thinks it was money well spent?

Also, just to piss you off a little bit more - defense spending is equivalent to 443% of what we collect in total corporate taxes.

One more link you need to see:

• Taking Apart The 2011 Federal Budget - Washington Post Graphic

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