Obama’s Debt Bomb Set To Explode
If federal deficits are nightmares, Freddy Krueger is leading the parade for the one headed our way. According to the latest from the Congressional Budget Office, President Obama’s budget would add nearly $10 trillion – trillion, with a T – to the national debt over the next decade.
Even more troubling, the CBO estimates that by 2020 the national debt would equal 90 percent of our entire economy, with interest payments on that debt quadrupling to almost $1 trillion a year.
Trying explaining those numbers to your kids or grandkids with a straight face. And after you’re done, you might want to consider sleeping with one eye open.
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