Debt as % of GDP Hits Post WW2 High

[Islandborn]

From The Congressional Budget Office

CBO says debt will reach 62 percent of GDP by year's end - The Hill's Blog Briefing Room

This falls SQUARELY on the shoulders of the Democrats and their four year SPENDING SPREE. Thanks to falling revenues from an economy showing NO signs of significant growth and runaway federal expansion, US debt compared to GDP will rise to a high not seen since the US vanquished Japan & Nazi Germany 65 years ago.

Thats an added growth in spending of about a trillion dollars over the next 3 years......not to mention the Democrats have now REFUSED to produce a budget for 2011. Furthermore, the entire Obamacare debacle hasnt done a thing to reduce real pressure on future debt.

And here is an tid-bit from the head of the Congressional Budget office
Director's Blog » Blog Archive » Long-Term Budget Outlook

Uhhhhhhhhhhhh, wasn't the entire EXPRESSED POINT of Obamacare to REDUCE deficits by lowering healthcare costs?? Instead....OBAMACARE has made it worse......as predicted over and over and over.

Helluva Job Obama......Helluva job indeed

Islandborn Reviewed by Islandborn on 06-30-2010. Debt as % of GDP Hits Post WW2 High From The Congressional Budget Office CBO says debt will reach 62 percent of GDP by year's end - The Hill's Blog Briefing Room This falls SQUARELY on the shoulders of the Democrats and their four year SPENDING SPREE. Thanks to falling revenues from an economy showing NO signs of significant growth and runaway federal expansion, US debt compared to GDP will rise to a high not seen since the US vanquished Japan & Nazi Germany 65 years ago. Thats an added growth in spending of about a Rating: 5