The above chart compiled with data from the Congressional Budget Office (CBO) paints a very scary picture. Notice that the projected 2010 budget deficit is 1.5 TRILLION, even larger than the 2009 deficit. Remember how Obama would blast the past Bush deficits as "unsustainable" during the campaign? Notice how Obama ran up more debt in 2009 than all 8 Bush years, and spent even more money in 2010.
More commentary on the budget in the Budget 2011: Past Deficits vs. Obama’s Deficits in Pictures by the Heritage Foundation.
Also the CBO said that the US debt to GDP ratio will hit 62% by the end of the year, the highest since WWII. This is significantly higher than the average ratio of 36% over the past 40 years. The CBO projected that the ratio will hit 67% in 10 years. The US currently has a worse ratio than Argentina, UK, and Russia. See the national debt by country map.
This is why Obama's stooges in the Congress MUST be replaced.
ObamaCare will eliminate "in-person" doctor visits - from now on Physicians will "Tweet" their patients - SHOCKING details at:
ReplyDeletehttp://spnheadlines.blogspot.com/2010/03/obama-health-care-doctors-will-patients_17.html
Have a great day! :-)