RSSOnwards And Upwards!
J.J. Jackson | December 28, 2011
$15 trillion dollars in debt heaped upon American citizens, their children, grandchildren and great grandchildren is apparently not enough. President Obama is set to ask for another $1 trillion plus to allow liberals to keep on spending more and more money on anything, no matter how unconstitutional, that their little hearts’ desire.
With such a request, federal debt obligations would exceed $16 trillion in short order and be in excess of 100% of GDP. That means that even if every penny of economic activity for the year were to be confiscated it could not pay down the debt. Guess it is time to start working on selling our great, great grandchildren into hock now. Nothing left in anyone else’s piggy bank.
Copyright © 2006-2011
J.J. Jackson is a libertarian conservative author from Pittsburgh, PA who has been writing and promoting individual liberty since 1993 and is President of Land of the Free Studios, Inc. He is the Pittsburgh Conservative Examiner for Examiner.com. He is also the owner of The Right Things - Conservative T-shirts & Gifts. His weekly commentary along with exclusives not available anywhere else can be found at LibertyReborn.com (Digital Fingerprint: libertyreborn123456789)
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