You are here



The Failed Obama Administration™ has raised its own forecast deficit from seven trillion to nine trillion dollars.

Keep in mind, deficit is the annual shortfall. Debt is the total of accumulated deficits. GDP, the total value of everything the US makes in a year, is fourteen trillion. The accumulated total amount owed, as of passage of the spendulous bill, was “only” twelve trillion.

Under what has to be the rosiest scenario, that of the President, the Federal government’s debt will be about double all that we produce every year. It’ll be like a normal $50K/year earner owing $100K on credit cards, and borrowing more to make the house payment.