Tuesday, August 28, 2012

The future we choose

As we rapidly close in on a national debt of $16,000,000,000,000, Zero Hedge reminds us of the current trajectory of borrowing:
But wait. You aint's seen nothing yet. At this rate of growth, total US debt will surpass: 
$17 trillion on June 10, 2013;
$18 trillion on March 23, 2014;
$19 trillion on January 3, 2015; and
$20 trillion on October 16, 2015
And on, and on, and on...
Don't worry: Obama's plan to raise taxes on 2% of the population will bring our $1.2 trillion yearly deficits crashing down to...$1.15 trillion.  Forward!

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