Debt is a big issue in Washington these days as the House and Senate get ready to debate President Obama’s new budget in which the public debt ratio (that is debt owed by you and me but incurred by the Federal government) is expected to be between 63.6% and 68.6% next year. Even though Mr. Obama can’t stop flogging George W. Bush, it is important to note that the debt to GDP ratio was 40.2% under the Bush Administration.

So what does all of this have to do with Mr. Obama’s continued push for a government run healthcare system? As the Wall Street Journal notes, passing Obama-Care would send the public debt ratio to over 100% which would push us over the cliff and while we can conceivably claw our way back from the projected 68.6% ratio, it is harder to imagine that as a possibility with Pelosi and Reid running the show.

All the while Mr. Obama’s newly released budget calls for $2 trillion in tax hikes. Is it any wonder that Americans are nervous about the economy and businesses refuse to invest in new employees and equipment?

So while Mr. Obama continues to urge Democrats to push his healthcare plan through Congress, it’s pretty obvious to those of us here in fly-over-country that the 100% debt to GDP ratio would create a financial disaster the likes of which this country has never experienced.

I think it is safe to say the American public understands what the cost of Obama-Care would be to their children and grand-children. Maybe that’s one of the reasons Scott Brown took the Kennedy seat away from the Democrats in Massachusetts.