Sunday, April 4, 2010

tax collecting for obama's welfare state

"The federal government is running massive budget deficits and is expected to continue to do so indefinitely. The Congressional Budget Office "projects" (i bet my life this prediction is underestimated. it always is) the Obama budget plan would produce $10 trillion in deficits over the period 2011 to 2020. At the end of the decade, the government’s debt would top $20 trillion, or 90 percent of the nation’s GDP. By comparison, from 1789 to 2008, the country accumulated only $5.8 trillion of public debt."

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