Saturday, May 15, 2010

The Obama debt: It's worse than you think

Much worse:

Edmund Conway:
".... Exhibit A is the fact that under the Obama administration's current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 - a far steeper increase than almost any other country."
John Hinderaker:
"The Democrats in Washington are both too stupid and too ideologically committed to read the writing on the wall. They are leading the United States over a financial cliff, and they have no intention of turning back. On the contrary: if they can, they will hobble our economy further by enacting a carbon tax.

There is only one way to stop them, and to save our children--from whom greedy, selfish Washington liberals are borrowing trillions of dollars--from a lifetime of debt. The Democrats must be voted out in 2010, and Barack Obama must be denied a second opportunity to deconstruct the country that he doesn't much like."

1 comment:

  1. "If your outgo exceeds your income, your upkeep gonna be your downfall".