Friday, March 26, 2010

Debit Comes To Us All

In 10 years the National Debit will be 90% of GDP. That means that the debt will be 90% of the entire output of the United States of America.

This is before we add more debt brought on by the Democrat's next great project.

When will we wake up? At what point will we realize that there is no free lunch? This saddles every household in the United States of America with a $100K share. The country can not hold this. No country on earth will buy our paper. Interest on current debt costs $900 Billion a year. How much will interest be on 9.5 Trillion?

The threat to the country is grave.


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