Thursday, August 25, 2011

The Approaching Doom

According to the LA Times, Obama really is fiddling while Rome burns, or at least slurping ice cream while we are buried under debt.
...last week's three-day Midwestern tour in the president's new $1.1 million Death Star bus? National debt went up $16,988,000,000 while he rode around speaking and buying ice cream cones.
The point being, that every moment that goes by while the Feds do nothing to cut spending and start paying off the debt service, the worse the problem gets. And at some point - probably while Barry is out on the 15th green somewhere - it will get to the point where the Gross National Debt will exceed the Gross National Product, whereupon default and economic catastrophe become a real possibility.


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