I really doubt the United States economy can survive until 2012 with Obama bent on ramming through every entitlement and government nanny program he can.  We are at a point where we will never get out of debt.

http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion. After looking it over, CBO said in its final analysis, released Thursday, that the president’s budget would generate a combined $9.75 trillion in deficits over the next decade.

Hey GOP, would you mind taking a minute out of your day and start yelling about this?

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Reddit
  • email
  • Yahoo! Buzz
  • Twitter
  • http://topsy.com/trackback?url=http://www.americansagainstobama.com/2010/03/26/obamas-debt-will-destroy-the-u-s-economy/ Tweets that mention Obama’s Debt Will Destroy the U.S. Economy | Americans Against Obama — Topsy.com

    [...] This post was mentioned on Twitter by Anti Obama.net. Anti Obama.net said: Obama’s Debt Will Destroy the U.S. Economy http://bit.ly/aFWFJX [...]

  • http://intensedebate.com/people/mdcritte mdcritte

    Um was Bush not president when the economy crashed and put whoever was gonna be the next president in a bad position

  • http://intensedebate.com/people/againstobama againstobama

    Obama spent more in one day than Bush did in 8 years. Lets also not forget democrats have had majority control since 2006.

blog comments powered by Disqus
Support Us
Help support the cost of maintaining the site by donating with the link below
Search