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Read the Numbers: Obama Will Bankrupt America

Alan from NJ Wrote: Dec 02, 2009 7:59 PM
No good with names. Impressed with Glen Beck telling about Piven and friend, that said the US capitalist system could be brought down by being sure massive entitlements were increased. This is what has been accomplished, and more is planned. The man asked intelligent questions, never addressed by anyone in authority, and is smeared, marginalized and mocked. Piven was a communist and the partner is an adviser, now to Obama. Where else can you hear this stuff? Perhaps on 'American Thinker' website. Nobody can run a business, home, or organization like we run this country and avoid bankruptcy. Why is that impossible for liberals to understand? They must think Cuba is doing it right. In his recent, severe illness, Castro went to Spain.

When President Barack Obama entered office in January, the greatest problem America faced was neither the war in Afghanistan nor the recession. It was the imminent crisis of the welfare state.

Not only has Obama failed to deal with this crisis, he is pursuing policies that will bankrupt America.

In March, the Peter G. Peterson Foundation, led by former U.S. Comptroller General David Walker, calculated the total value of the federal government's "unfunded liabilities" as they stood at the end of fiscal 2008. These liabilities include the publicly held portion of the national debt plus the amount the government must...

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