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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Friday, March 26, 2010

Debt will rise to 90% of GDP

CBO report: Debt will rise to 90% of GDP - Washington Times
Over the next 10 years the cummulative effect of the ManChild's fiscal policies will raise the national debt to 90% of GDP! And these figures come from the Congressional Budget Office, which as history has shown time and again to always be way off (and not in a good way). If the CBO is "guessing" 90% of GDP, I would be inclined to think we will find ourselves in the Post WWII area of 120%-125% of GDP. At that point, it's game over for the USA.

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