source: CBO
The CBO's "total deficit projected over the decade-long budget window is $1.2 trillion larger than the administration's estimate." And Obamacare makes it worse.
Remember when the Administration vowed "to restore fiscal discipline"? Neither does Obama.
3 comments:
Obama's budget is mathematically unsustainable.
Secretary of the Treasury Geithner knows this and I believe is truly baffled at Obama's disinterest and dismissal of his warnings. I suspect that Geithner simply can't bring himself to believe the unbelievable, that Obama is doing this intentionally.
79% of Americans now believe that the US could experience a financial collapse during the next 3 years. People subconsciously sense something, their intuition is alerting them, if but faintly, to the danger.
For confirmation that this is not just wild speculation based in fear, see: Rep. Paul Ryan: Obama’s New Budget Will ‘Literally Crash the U.S. Economy’
Then if your heart can take it, see the clearest explanation that I have yet seen, of the economic crises which faces us: Spiraling into Bankruptcy
Then just to complete the grim prognosis, see: Virtually Every Western Government is Insolvent
But take heart, for if knowledge be power, then "in the land of the blind, the one-eyed man is king". (Irish proverb)
Geoffrey's right. We have still to face the reckoning, and we will not escape it.
Repent now, or you are doomed!
PS: my verification word was "ounce", as in "An ounce of prevention is worth a pound of cure."
> PS: my verification word was "ounce", as in "An ounce of prevention is worth a pound of cure."
An ounce of what, lead? Yeah, that cures way out of proportion to its weight in charlatanry.
> I suspect that Geithner simply can't bring himself to believe the unbelievable, that Obama is doing this intentionally.
Clearly, he does not grasp the fact that Obama is at the center of a Cloward-Piven strategy.
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