Friday, March 05, 2010

Twenty trillion dollars of debt. That's with a "T" - The CBO has scored the Obama administration's budgets and there's nothing but red ink, deep and wide: "Under the President's budget, debt held by the public would grow from $7.5 trillion at the end of 2009 to $20.3 trillion at the end of 2020." That would be 90% of GDP, well into the debt danger zone, not even counting the budgetary disaster that is Obamacare.

1 comment:

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