Tuesday, February 17, 2009
The reality is that the United States of America is a total financial disaster.
The reality is that the only way that the government can "bailout" anyone or pay for any "stimulus" bill is to borrow.
Federal obligations exceed world GDP
American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
Obama will reverse the trend? Hardly.
THIS LINK posted by Joseph Bell : 8:48 AM
