– March 16, 2011 Reading Time: < 1 minute

“By 2020, public debt in the United States is set to reach 90 percent of GDP, a line that many economists demarcate as when accumulated debt pushes an economy to the precipice of fiscal demise. Entitlement spending remains on autopilot and some federal agencies, with “stimulus” money included, have received 180 percent increases in spending. The Government Accountability Office released a report that chronicles staggering amounts of duplicative and wasteful government programs. Yet, politicians on Capitol Hill are engaged in a rigorous debate over whether to cut a miniscule 6 days of spending or the Democrat proposed ½ day in spending reductions.” Read more

“Detached From Reality” 
John Vajas 
FreedomWorks, March 16, 2011. 

Image by jscreationzs / FreeDigitalPhotos.net.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER.