Monday, February 14, 2011

THE COMING TRAIN WRECK FOR THE U.S. ECONOMY

Gasp!

From the Washington Times on February 14, 2011:
President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years' time.

[...]

Mr. Obama's budget said 2011 will see the biggest one-year jump in debt in history, or nearly $2 trillion in a single year....
Also see "A Tipping Point Is Nearing" at American Thinker.

Any solutions to this oncoming train wreck will be painful in the extreme.
at

1 comment:

  1. Reliapundit3:38 PM

    cloward piven writ large.

    but the soshies will fail because the TEA PARTY will come to the rescue via austerity and slamming the government unions.

    then we elect president chris christie.

    ReplyDelete