Friday, March 26, 2010

Miss Me Yet, Almost!

Unsustainable Debt!

The Washington Times - CBO report: Debt will rise to 90% of GDP

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

‘The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it’s headed toward $20.3 trillion (more than $170,000 per household) in 2020’

The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it’s headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO’s deficit estimates.

That figure would equal 90 percent of the estimated gross domestic product in 2020, up from 40 percent at the end of fiscal 2008. By comparison, America’s debt-to-GDP ratio peaked at 109 percent at the end of World War II, while the ratio for economically troubled Greece hit 115 percent last year.

Obama Throws Down The Gauntlet

Real Clear Politics - Obama On GOP’s Attempt To Repeal Bill: ‘Go For It’

Reuters - Obama dares Republicans to seek healthcare repeal

Is that a double dog dare Mr. President?

You’re On!

It’s a shame that here are no more Woodward and Bernstein’s interested in real investigative journalism. You’d be waving from Marine One on your way back to Chicago.

Time for Socialism In Talk Radio, WHAT?

Real Clear Politics - MSNBC Host: Time For “Socialism” In Talk Radio

Here’s a News flash for you, Ed. That was tried by “Air America” and the business model of paying radio stations to air communist socialist progressive liberal talk radio was a failure.

You eventually run out of other peoples money.

Here’s a hint for you Ed, the radio stations pay Rush Limbaugh for the privilege of airing his show because the American People actually want to listen. Radio stations like to have lots of listeners so that they can sell advertising and make a profit. To a radio station “Socialism” in talk radio would be a disaster.