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Re: US National Debt passes $12 trillion

Posted by docstox on Wed Nov 18 11:58:04 2009, in response to Re: US National Debt passes $12 trillion, posted by SMAZ on Wed Nov 18 09:30:29 2009.

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While you liberals and conservatives bash each other over the head blaming Bush and Obama, the bottom line is that red line on the chart is set to take off to new higher levels in the next five years.

If this country does not get it's spending in line with spending cuts and higher taxes, expect economic disaster in ten years that will make the financial meltdown of 2008 look like a walk in the park on Sunday.Your grandkids will be selling pencils and apples on the streets again.The administration is talking of rigid spending cuts being planned.Let's see if they come across with them next year.

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