Report: US Debt Headed Toward 200 Percent of GDP … Even After ‘Fiscal Cliff’ Deal!

You know, I try to be positive, but I don’t know how I can be positive when one keeps reading this crap. As a matter of fact, I think we’re done. That’s right: DONE! Stick a fork in it. There is no way our economy can sustain this massive debt.

Absolutely nothing is being done to curb the massive, unrestrained federal spending, not to mention the hundreds of TRILLIONS of dollars in unfunded liabilities our behemoth entitlement programs have created. Hell, Barry doesn’t even think we have a spending problem!

The Hill reported:

The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis.


“The primary goal of any sustainable fiscal policy is to stabilize the debt as a share of the economy and put it on a downward path, and yet our nation is still heading toward debt levels of 200 percent of GDP and beyond,” he said.

Keep reading …

h/t: Drudge

About Brent Parrish

Author, blogger, editor, researcher, graphic artist, software engineer, carpenter, woodworker, guitar shredder and a strict constitutionalist. Member of the Watcher's Council and the Qatar Awareness Campaign. I believe in individual rights, limited government, fiscal responsibility and a strong defense. ONE WORD: FREEDOM!
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