[wmfights]

When Cheney said what he did, the natioanl debt was maybe 30 percent of one year’s GDP. It has now suddenly increased to 70 percent.

Well said!

Another way to put the difference for those that think money grows on trees is in 20 months 0's deficits will exceed those that were incurred during 8 yrs of the Bush admn. Also, every trillion represents about 50 billion of interest that has to be paid every year.

The more immediate question is what % the fed govt budget is of GDP.

[WOSG]

The numbers involved are staggering. The GOP put forward an alternative budget THAT WOULD BORROW $3.5 TRILLION LESS than the Obama plan!!

Its why my tagline asks: Why is Obama trying to bankrupt America with $16 trillion in spending over the next 4 years?

http://www.heritage.org/Research/Budget/wm2377.cfm

Answering President Obama’s challenge for critics to present alternatives, the House Republicans have offered a responsible budget blueprint that:

* Borrows $3.6 trillion less than the President’s budget;
* Would create $23,000 less debt per household than the President’s budget;
* Keeps federal spending just above 20 percent of the gross domestic product (GDP)—the same level as before the recession;
* Avoids all tax increases and even simplifies the overly complex tax code;
* Includes a temporary moratorium on earmarks; and
* Begins reforming the unsustainable costs of Social Security, Medicare, and Medicaid.[1]

(more details at link; worth reading to get a sense of the STAGGERING numbers involved in the Obama budget proposal)

[WOSG]

“The more immediate question is what % the fed govt budget is of GDP. “

Under Obama next year it will go to almost 27%!! That is higher than at any time since WWII.

[WOSG]

in 20 months 0's deficits will exceed those that were incurred during 8 yrs of the Bush admn.

And in 8 years, Obama's deficits will exceed what was done in the entire prior History of the United States: