Smells Like Economic Doom ?

>> Wednesday, June 2, 2010

Our national debt has just reached 13 Trillion, a figure determined from the Treasury Department's website and includes the figures for Debt Held by the Public (foreign governments & private investors holding Treasuries, etc.) as well as "Intragovernmental Holdings."

Even more alarming -- a president of the Federal Reserve is claiming the real debt figure to be $104 trillion if you count all our entitlement programs (like Social Security and Medicare) and obligations, including federal pensions.

2 comments:

Mark June 4, 2010 at 9:10 AM  

Tell us something we don't know.

ELAshley June 4, 2010 at 9:55 AM  

Here's something many either don't know, or refuse to accept...

Government doesn't have the will or desire to step back from the precipice. As a result, there will be chaos... there will be mayhem... America could even be folded into a larger world body.

BUT! Though it won't be solely Obama's fault, he'll nonetheless take a big slice of the blame-pie because of just how radical he is, and how radically swift he's pushing his socialist agenda.

America? Even should we take both houses this fall, the odds are not good that we can turn this ship of fools around. Add all this to the projections that this oil spill could (assuming it continues to December) affect the Atlantic coastal states (to even New York) and perhaps even Europe? Want to why Obama is, in his own words, "enraged" over this? He's doomed if it's not capped soon, and especially if oil begins washing ashore along the Grand Banks and Coney Island. Doomed.

The future is NOT bright. Not by any means or stretch of the imagination.

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Barry Obama : The Young Turk


Young Turk:
Date: 1908
Function: noun
Etymology: Young Turks, a 20th century revolutionary party in Turkey
:an insurgent or a member of an insurgent group especially in a political party : radical; broadly
:one advocating changes within a usually established group.





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