Donatelli: Runaway Deficits Will Enable GOP to Retake Majority

If everyone in America, other than President Barack Obama and Congressional Democrats, is glum over the passage of “Obamacare,” there is a silver lining: The bill’s passage will finally force the country to face our dire fiscal circumstances and bring the kind of clarifying election that could lead to America’s fiscal salvation. Or not.

Even before passage of Obamacare, here are the fiscal facts that America faces in 2010: Our deficit will be more than $1 trillion for the second year in a row. Our cumulative national debt is careening toward the $13 trillion mark, and it will reach at least $16 trillion by the end of a second Obama administration.