Our National Day of Reckoning Has Arrived
They all assured us this day would never come, that “they” had a “plan”…but “they” sold us a bill of goods. They lied to us. They have no plan, and now our debt is equal to the gross output of our economy. For all of us who did not attend the Wharton School of Business, let me explain in plain English what that means – we are finished. Bankrupt. Done. Get it? Just a thought here – conspiracy theorists tells us that this is being done on purpose, to cripple this country, get of off the US Constitution, and to fulfill the mandate of Obama’s bible – Saul Alinsky’s Rules For Radicals.
“President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time. Amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, the debt stands out — both because Congress will need to vote to raise the debt limit later this year, and because the numbers are so large.
Mr. Obama‘s budget said 2011 will see the biggest one-year jump in debt in history, or nearly $2 trillion in a single year. And the administration says it will reach $15.476 trillion by Sept. 30, the end of the fiscal year, to reach 102.6 percent of gross domestic product (GDP) — the first time since World War II that dubious figure has been reached.” source – Washington Times