![]() |
![]() |
![]() |
![]() |
|||
![]() |
![]() |
![]() |
![]() |
|||
We don't need to wait for his budget to pass. Obama makes Bush look like a piker when it comes to spending money (he doesn't have). Just look at the CBO's budget projections for the next 10 years and do the math. Now I realize most of you democrats can't do math even with a calculator so let me help you out.
Under Obama U.S. debt will eventually reach 20 trillion dollars. We have to pay interest on that debt...another concept democrats and keynesians are too stupid to understand. At 5% the interest would be 1 trillion dollars. Have you looked at government receipts lately?
One trillion dollars in interest payments is unsustainable. Using todays numbers that's about 40% of the budget. It won't work and we will default on our debt at the rate we're going.
We live in Cuba now.
stan b
SR-HR-UH-Field of Dreams Mr. Elvis
"Don't give up.....don't ever give up!!!"
Jimmy V
__________________________________________________ ____________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
Last edited by WaterDogRem; 11-16-2009 at 01:17 PM.