Tuesday, August 25, 2009

My Way News - Most red ink ever: $9 trillion over next decade
My Way reports: "In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion - more than the sum of all previous deficits since America's founding. And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy."

Comment: At some point, it just reaches a level of extreme absurdity to think that rational people can believe such spending can continue indefinitely without a crash.

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