According to a 2009 report — before Obama added another $5 trillion to the national debt — Obama’s own treasury secretary, Tim Geithner, stated that in less than 10 years, spending on major entitlement programs, plus interest payments on the national debt, would consume 92 cents of every dollar in federal revenue. 

That means no money for an army, a navy, rockets, national parks, food inspectors, air traffic controllers, highways, and so on. Basically, the entire federal budget will be required just to pay for Medicare, Medicaid and Social Security — and the cost of borrowing money to pay for these programs. 


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