“CBO chief says debt ‘unsustainable’”
All I can think to say, at this point, is NO SH*T SHERLOCK!!
Now they say it, like that will give them some cover.
Welcome to the VAT. “it’s for the children”
Question: If the “Untied” States does fracture into a “red country” and a “blue country”, is the “red country” liable for the debts incurred in the name of the “blue country”?
Or are we going to be rather like the situation between North and South Korea?
Bagdhad Bob will be twisted like a pretzel to turn this into good news.
This spending by the dems is a setup to bring the VAT tax. The dems spending/healthcare fiasco is what is causing all of us to pay much more in taxes!!!!!!
Things will be a lot worse a lot more quickly than he’s predicting. If we have another recession, which we will, the deficit will go even higher and the debt will grow faster. When the Treasury can no longer find buyers for all of the new debt they’re issuing then they will have to pay higher interest to fund the debt which will increase the deficit even more.
Not a pretty picture.
Does this make Doug Elmendorf a Tea Partier?
Ya THINK?
It’s unsustainably racist, that’s what it is. Whatever the deficit is, it was stolen from the poor. We owe them.
This from the guy who “scored” healthcare as costing only $1 TRILLION because he counted 6 years of benefits and 10 years of taxes?
I could afford a lot more house if the bank let me count 10 years of income and only 6 years of mortgage payments.
He’s a complete dolt...as are all in the regime.
related:
“Once Self-Reliant, Now A Nation Of Takers”
http://www.freerepublic.com/focus/f-news/2488700/posts
Isn’t this the same CBO that gave a thumbs-up to the health care bill and also VASTLY underestimated all prior entitlement programs?
Doug Elmendorf, best known for...... not speaking out and telling every damn media outlet and American that his CBO numbers were based solely on the bogus assumptions that the democrats gave him and that the costs of the heathcare legislation was actually in the TRILLIONS.
Wall Street got us into this mess, not Main street.
Let the financial institutions pay a value-added-tax on every financial instrument trade (a transaction tax if you will). Plain and simple. Eliminate the tax after the debt is under control.
Someone post the pic of Captain Obvious.
U.S. Taxpayer = Peter
Obama and the Dems = Paul
Guess what? Peter called and he’s PISSED!!!!!
See you in November Paul!!!!
That's news?
The debt was meant to be unsustainable, by design, thanks to globalist elite controlled Big Government and the Federal Reserve.