We’re quickly nearing the tipping point where the interest payments alone on our debt will swamp our ability to pay them, yet Obama’s stomping the spending accelerator down to the floorboards with a record setting budget proposal, for the second year in a row. Just wait until interest rates rise and watch how much more [...]
Filed under: Blog Entry | Tagged: 2011 Budget, Barack Obama, Budget Deficits, Congress, Deficit Spending, Economic Prosperity, Economists, Federal Budget, Government Programs, National Debt, Spending Freeze, Taxes, Unemployment | Leave a Comment »
