Just to be clear, the amount of Money Obama is and has borrowed from thin air to spend on nothing is well in excess of the cost of WWII and all other spending from that time to this.
Don't believe me. You need to look at this GRAPHIC representation from the Washington POST. No right wing rag that. We are about to go off the edge of the cliff driven by people with paper thin resumes and ideological assumptions for brains. It's over folks. The end has come.
My concern is even if we take back the house, senate and presidency, the nation will be in ruin. We have squandered our future. Your children and grandchildren will NEVER pay this off. You can't blame Bush for this. Oh you can, you'd just be really wrong and hiding your head in the sand.
1 comment:
"Obama's spending plans would require $9 trillion in government borrowing over the next decade, amounting to a little less than two-thirds of one year's gross domestic product."
Why are we looking at a 10 year plan as tho it is occuring all in one year? If it is 2/3 of a single years GDP, then each year, it is 1/9 of 2/3 or a mere 2/27 or 1/13 approx. While the numbers are bigger than WWII, that war exceeded the GDP. PROPORTIONALLY, it was bigger. Get it? 9 trillion over 10 years by 300 million people is about $3000 per year. NOT that scary, Gene.
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