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.
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.
Depressing.
Looks fairly disasterous.
Depressing and disasterous and awful to boot.