Spending Spree

Tuesday, September 8, 2009 \AM\.\Tue\.

Broke Uncle Sam

 

Hattip to Instapundit.  John Steele Gordon has a first rate article here detailing how we landed in the debt morass our nation is now bogged down in.    His last sentence is a completely accurate assessment of our options: ” Only necessity will force Congress to control long-term spending on its own.  And unless the body politic forces the needed changes, that necessity in the form of overwhelming debt is inescapable.”

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Concord Coalition: 14.4 Trillion Dollar Deficit

Friday, August 28, 2009 \AM\.\Fri\.

14.4 trillion

In this earlier post I reported that the Obama administration is predicting a 9 trillion dollar deficit over the next ten years.  Now, the non-partisan Concord Coalition is predicting here a 14. 4 trillion dollar deficit over the next 10 years.

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