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Spending our way to financial ruin
The Washington DC Examiner Newspaper, The Examiner Dec 20, 2007 3:00 AM (725 days ago)WASHINGTON It is no coincidence that Comptroller General David Walker’s latest warning that the United States is literally spending its way into bankruptcy came the same week Congress passed a 3,416-page omnibus spending bill that no senator or representative read. Walker’s warning is made all the more urgent because Congress — aided and abetted in many respects by the president — continues to pass massive spending bills with no idea of what’s contained in them. The federal government is already on the hook for $53 trillion in Social Security, Medicare and other entitlement benefits that it can’t pay for unless it raises taxes to levels that will put America into a financial stone age.
http://www.examiner.com/a-1115398~Spending_our_way_to_financ ial_ruin.html The above excerpt and link will be sent by email. |
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