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  • The Mother of All Bankruptcies

    04/07/2011 5:17:38 AM PDT · by Kaslin · 50 replies · 1+ views
    Townhall.com ^ | April 7, 2011 | John Ransom
    The budget problem that the country faces isn’t merely big. It isn’t even really, really big.It’s much bigger, and more dangerous, in actual fact, than politicians are willing to acknowledge. Think of the biggest number you can. Yeah. It’s bigger than that. The Congressional Budget Office says that if we continue at our current rate spending, we’ll  “chalk up nearly $7 trillion in red ink over the next 10 years,” according to Reuters. Yawn. Think bigger than that. Because that number’s not even close to the size of the real problem we have. $7 trillion is just a fraction...