Posted on 12/27/2010 4:30:18 AM PST by Suvroc10
Tom Coburn predicts 18% unemployment rate, total destruction of middle class. On an appearance on Fox News Sunday, one of the Senate’s strongest voices against wasteful spending and earmarks, Senator Tom Coburn, again warned against massive and continuous government spending under the Obama Administration. Prompted by host Chris Wallace, who said that Coburn scares him quite often, to give specific predictions about where the US would be if government spending isn’t meaningfully curtailed, Coburn let loose with the specifics. According to Coburn, if the US doesn’t get serious about cutting spending, the US will see an 18% unemployment rate (not including those who’ve stopped looking for work), a decline of GDP by 9%, and the destruction of the US middle class. He also said that the poorest of the poor would be hurt the most.
(Excerpt) Read more at examiner.com ...
Thank you both. It appears we are already there... is anyone in the WH paying attention, huh?
Yes, they are near their goal and already celebrating.
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