In a stunning epiphany that caught even his staunchest supporters by surprise, radio talk show host Rush Limbaugh stated yesterday that "everything we've had for the last 20 years is fake."
Rush proceeded to describe his own journey of denial concerning the debt and said that the recent national debate over raising the debt ceiling has caused him to realize the cold, hard facts--America, the government, business, and citizens, ALL of us--have been living on borrowed money for the past 20 years.
And it is only getting worse. The debt deal reached by Obama and Congress this week is a joke for the simple fact that it purports to help solve the debt crisis by borrowing more money--2.7 trillion more.
Which financial advisor has ever told you or someone you know who has severe debt issues that the only way to solve their addiction to borrowing is to go further in debt?
Here are Rush's words from the transcripts of show: