Friday, February 26, 2010

I did not ...

... like reading this article. Why? Because it's too darn sobering.
Even according to the White House's new budget projections, the gross federal debt in public hands will exceed 100 per cent of GDP in just two years' time. This year, like last year, the federal deficit will be around 10 per cent of GDP. The long-run projections of the Congressional Budget Office suggest that the US will never again run a balanced budget. That's right, never.

2 comments:

soil mama said...

that is depressing, I don't even want to read the link...

Philip H. said...

Looks like time for some new blood in the congress . . . .