wizardofaws

Dollar Crisis

In Dollar Crisis, Obama, President obamas Cabinet on January 18, 2010 at 2:45 am

Our Dollar Crisis can’t continue at this rate, without some type of correction. Federal spending from World War II through 2008 was about 20% of gross domestic product. Today, it’s 26% — and climbing. Worse, just one year ago total U.S. public debt was $5.8 trillion. Today it’s $12 trillion, and rising literally by the minute.

To get the economy moving and reduce our National debt load, we need major spending cuts and, at minimum, a government pledge not to raise taxes.  When will President Obama and his administration bite the bullet and stop buying votes?

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