Spend, Entitle, Borrow

Over the period 2010 to 2020, CBO expects the Obama budget would run a cumulative deficit of $11.3 trillion… By 2020, total federal debt would reach an astonishing $20.3 trillion — [an amount equal to $58,670.52 for every man, woman and child in the country].

See full article by Jim Capretta at National Review Online.


Source: Congressional Budget Office/The Washington Times.

Comments (4)

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  1. Devon Herrick says:

    Greece’s financial problems have been in the news lately – mostly because it lacks the political will live within its means. We condemn them for short-sightedness despite following along the same path.

  2. Tom H. says:


  3. Tom H. says:

    Looks fairly disasterous.

  4. Joe S. says:

    Depressing and disasterous and awful to boot.