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

ocarol500 Wrote: Feb 06, 2013 6:46 AM
This is the quickest way to bring the United States of America, that bastion of Colonialism, to its knees ... and I wonder who thought of it because Obama has proved that he is clueless without a teleprompter. Which of his financial backers, mentors, Czars is responsible? And oh, won't his Daddy [we need a DNA test please] be proud that even though he couldn't bring England to its knees for colonizing Kenya, at least his son [where IS that DNA test] can bring the USofA down for colonizing Hawai'i and the mainland.

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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