The Congressional Budget Office projects that our federal deficit will be 12 percent of GDP this
year, second in the developed world to only the UK, which stands at
14.5 percent.  The UK has recently been rated higher risk along with
Greece, Latvia and other nations that are in real trouble economically. 

And yet, you continue spending, spending and more spending.


Health
care legislation taking shape in the House carries a price tag of at
least $1 trillion over a decade, significantly higher than the target
President Barack Obama has set, congressional officials said Friday as
they struggled to finish work on the measure for a vote early next
month.

Democrats have touted an unreleased Congressional Budget Office
estimate of $871 billion in recent days, a total that numerous
officials acknowledge understates the bill’s true cost by $150 billion
or more. That figure excludes several items designed to improve
benefits for Medicare and Medicaid recipients and providers, as well as
public health programs and more, they added.

The officials who disclosed the details did so on condition of
anonymity, saying they were not authorized to discuss them publicly.

How long before
America’s credit rating plummets and we are no longer able to borrow
money to pay for government’s extravagant spending?  Do you think you’re immune to being rated a high-risk borrower?

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