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03-09-2010, 11:55 AM #1
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Obama Debt: $20,000,000,000,000 by 2020!
Is living in a fascist nanny state run by incompetent Marxists really worth $20 trillion dollars?
Obama Debt: $20,000,000,000,000 by 2020!
By John Lillpop T
uesday, March 9, 2010
As reported, in part, by spectator.org, Barack Obama’s reckless budget plans will cause the US debt to swell to $20,000,000,000,000 by year 2020.
Twenty trillion dollars!
Excerpts from the report:
“The Congressional Budget Office has released its assessment of President Obama’s budget, and the results aren’t pretty. According the analysis, deficits in the next decade will be worse than what the White House has projected, much higher than they would be if we were to follow current law, and even higher than what CBO had forecast last year.
“Between 2011 and 2020, the nation will accumulate $9.8 trillion in deficits as a under the Obama budget, according to the CBO, ending the decade with $20.3 trillion in public debt, which translates into a staggering 90 percent of gross domestic product (compared with the 53 percent Obama “inheritedâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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