Biggest understatement of the day – CBO: U.S. Budget Outlook ‘Daunting’

This is unbelievable.  The CBO has just released a new report showing that in ten years our national debt will be 101% of our GDP.  Ten years!  I knew we were in bad shape but didn’t realize we were on life support.  And yet some ‘economists’ are still arguing that the government just needs to spend more money.  See here and here.  It more and more feels like we’re living in bizarro world.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s