

Guess what?
Pres Obama and the Dems will take our deficits to historic levels.
Better put, dangerous levels.
Here are some scary numbers and it's not Halloween:
"This year's deficit will hit 13.1% of GDP and next year's will still be at 9.6%, assuming a healthy recovery, and then never get below 4.1% for the entire decade." (WSJ)
Just for comparison: It never got over 4% under Bush! (Check it out: Greg Mankiw is a professor of economics at Harvard University. His new post analyzes the federal budget deficits: Budget Deficit as a Percent of GDP )
What about the national debt? Again, it's scary and I'm not talking about a movie:
What about the national debt? Again, it's scary and I'm not talking about a movie:
"The share of debt held by the public will double -- to 82.4% in 2019 from 40.8% in 2008"
So what about all of you who voted for change?
You voted for deficits! Scary deficits!
What about the "we inherited a deficit" story?
Since assuming the presidency, Pres BO has added $ 800 billion, or the stimulus that no one read. (It included the AIG bonuses)
This is looking more and more like BO's scary movie! I just hope that southern Democrats, in the House and Senate, stop it before it's too late!









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