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Monday, June 29, 2009

CBO: Obama Plans and Crushing Debt Load

Even the Washington Post agrees that it's time for Obama and Congress to heed the CBO's warnings: within 30 years, the U.S. debt is projected to be over 200% of U.S. GDP, which would rank far ahead of the worst indebted nations today.

And my guess is that those figures are conservative. Make no mistake - this country will be bankrupt if Obama passes even half of his objectives.