Outspoken economist John Lott, who has written "At the Brink," says that "over the past four years, President Barack Obama has systematically undermined every pillar of America’s strength and vitality, from the economy to health care to immigration to energy policy to personal liberty." Lott feels that Obama has brought America to the brink of disaster with a "bloated federal bureaucracy, staggering national debt, crippling unemployment, a crushing burden of regulation and red tape for private business and entrepreneurs, zealous pursuit of far-left pet projects, and attacks on every Constitutional freedom imaginable." Glenn J. Kalinoski and Kathleen Walter have reported for Money News on March 6, 2013, Economist John Lott to Moneynews: It's Too Late to Stop Obama's Destruction of Healthcare.
According to economist and author John Lott, it's already probably too late to fix the damage which has been done to healthcare and stop the destruction of private health insurance over the next year in the United States. He has said, “I don’t think President Barack Obama’s willing to do the things that are necessary to fix it.” Lott has also warned about the nation’s publicly held federal debt, which he notes is at about $200,000 for a family of four. At the end of February, the nation's combined total public debt was $16.687 trillion. However, he has said "there's time" to pull the nation back from the brink of a debt catastrophe. Lott has also said, “That’s a huge amount. We’re adding about $1 trillion more to it each year. When we run up that huge debt, it means we’re going to have to pay higher future taxes and …in order to pay that back, it retards growth today."
Lott has also discussed how federal government spending rose 21 percent after inflation during the first years of the Obama administration. He has said, “Obama originally promised that the stimulus was just going to be temporary, that it was going to be one ‘maybe two years’. And now we’re into the fifth year of his presidency and he’s telling us that it’s impossible to even slow the range of growth of government. The arguments that he’s making are wrong." Regarding his book, Lott has said, “One of the reasons for writing "At the Brink" is to explain that and hopefully give people some determination to follow through with the necessary reductions in the rate of growth and government that we need." Lott has painted a scary scenario regarding the economy, and what's even more upsetting is it appears he understands what he's been writing and talking about.
