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Uh, Obama? We Have a Problem: Interest Expense to Hit $1 Trillion in 4 Years

Fooling Wrote: Feb 06, 2013 11:43 PM
We are getting hosed, it is accelerating . . . the fall of this formerly great Republic will be with a whimper and not a bang, we are experiencing it NOW. The trickle effects of what will soon be rampant inflation, depressionary regulations, savages running around in flashmobs, cops refusing to work without 100K a year pensions, govt. healthcare causing millions to lose their insurance....AMERICA you are a FOOL. It goes as you sleep, right form beneath your eyes. The thieves party, witness, e.g., the senator who cavorts with underage prostitutes on YOUR dime.

I hate to interrupt Obama’s “We Don’t Have a Spending Problem” World Tour. But reality intervened on Tuesday as the Congressional Budget Office released a report that says that the budget deficit will grow through 2023 and “will eventually require the government to raise taxes, reduce benefits and services, or undertake some combination of those two actions,” reports CBSNews- and all of that just to cover interest payments.

“In its annual Budget and Economic Outlook,” writes CBSNews, “the CBO said debt held by the public will be bigger by 2023 than in any year since...

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