Alt-Coin Trader

Drowning in Debt: What the Nation’s Budget Woes Mean for You

cryptogon.com

February 18th, 2010

Three pages of ABC neWz about the snowballing debt crisis and not one word about the WarBama regime's absurd military spending increases and adventures.

Pentagon Black Budget Sees Year Over Year Record Funding; Tops $56 Billion

Obama Budget Seeks More Money for Nuclear Weapons

Cost of Keeping One U.S. Soldier in Afghanistan Per Year: One Million Dollars

[Note: I just got sick of linking. A person could spend all day and night referencing stories like this.]

But according to the article below, Americans are going to see tax increases that, "Aren't even imaginable."

Via: ABC News:

American political and economic leaders have sounded the alarm for years about the red ink rising in reports on the federal government's fiscal health.

But now the problem of mounting national debt is worse than it ever has been before with — potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson-Pew Commission on Budget Reform.

Over the past year alone, the amount the U.S. government owes its lenders has grown to more than half the country's entire economic output, or gross domestic product.

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