And the Democrats think Paul Ryan's plan is extreme? I'd say it's a parachute handed to a man falling off a cliff.The federal government's financial condition deteriorated rapidly last year, far beyond the $1.5 trillion in new debt taken on to finance the budget deficit, a USA TODAY analysis shows. The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for. This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.
Tuesday, June 7, 2011
More Gloom, and Why The Only Prescription is More Paul Ryan
Here is something gloomy to make your day: