We've never fretted over budget deficits, at least if they finance tax cuts to promote growth or spending to win a war. But these deficit estimates are driven entirely by more domestic spending and already assume huge new tax increases. CBO predicts that debt held by the public as a share of GDP, which was 40.8% in 2008, will rise to 67.8% in 2019—and then keep climbing after that. CBO says this is "unsustainable," but even this forecast may be optimistic.Read on for the gory details. And needless to say, this duplicitous estimate does not include the minimum $1 TRILLION the Big Brother government health care bill will cost.
This administration is taking a radical and monstrously selfish path that imperils us in our old age and condemns our children and grandchildren to be old before their time, burdened with a crushing debt--we are just cogs in the wheel of his statist vision.
The Obama Master Plan.
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