[rhema]

Today, U.S. total public debt is 53 percent of GDP and rising. By 2018, some forecasts project it will reach 85 percent of GDP, and by 2038, 200 percent of GDP. In the 10th year of Obama's budget, indications are that interest alone will total almost $1 trillion.

Our elected officials have made clear they won't put the brakes on this looming disaster. Only voters and taxpayers can do that.

[La Lydia]

The Red Star admits that “stimulus” dollars seem, in good measure, to have disappeared into a black hole.” How bad has it got to be that even this Democratic party organ has noticed?

[aberaussie]

bttt

[DugwayDuke]

“Federal employees are also earning higher wages and benefits than private sector workers do.”

A meaningless statement without comparing job skills, education, etc. For example, the average engineer makes more than an average wage.

Conservatives should avoid such comparisons since they rest upon marxist foundations. Should everyone make the average wage?

[Cacique]

btt

[WOBBLY BOB]

Study: States must fill $1 trillion pension gap

http://www.msnbc.msn.com/id/35448576/ns/us_news-life

HARRISBURG, Pa. - States may be forced to reduce benefits, raise taxes or slash government services to address a $1 trillion funding shortfall in public sector retirement benefits, according to a new study that warns of even more debilitating costs if immediate action isn’t taken.
Another time bomb waiting to go off.

I’ve been reading this for years.

Gubermint unions are bankrupting our country...it’ s us VS. them (private sector against public)

—nowhere is it more true than CA an NY. They are the models of our pending demise. don’t expect in government to take any serious action .

http://www.pensiontsunami.com/public.php