The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Sunday, April 1, 2012

America: Debt Man Walking

Does anybody really think that America can possibly dig its way out of the economic, fiscal and monetary mess we are in?
Just how broke is America? We are currently spending about $3.8 trillion on tax revenues of about 2.3 trillion. The debt is over $15 trillion and climbing. Bush and the Republicans exploded the national debt in 8 years by $5 trillion. Obama has already increased the debt by another $5 trillion and counting in about 3 years. No effort is being made to rein in spending. The government believes that it can literally spend its way out of national bankruptcy and economic ruin.
Read the rest here
Judy Morris Report