From the Weekly Standard:
"This year, the deficit will come to 11.2 percent of GDP, and by 2019 the debt will be equal to 76 percent of the value of the nation's output of goods and services, almost double the 41 percent when Obama took control of the nation's finances. No problem, say White House economists. Unsustainable, says Warren Buffett, among others."
Is that a rather chilling forecast? I'd say so. But then I'm what the humor-impaired people might call "radical." And I'm in good company, living through times that demand perspective and make "surgical snark" weirdly necessary as a defensive measure.
Monday, August 31, 2009
Subscribe to:
Post Comments (Atom)

0 comments:
Post a Comment