Tuesday, May 24, 2011

Excellent job, politicians. Keep up the good work!

We got trouble, right here in River City....

"President Obama's budget is $3.8 trillion. That's at minimum of $1.3 trillion more than the nation will get with projected revenues. But projected revenues will be even less [due to increased unemployment], thus amplifying the situation and adding to our total debt.
No wonder Congress is waffling and will raise the debt ceiling – by hook or by crook. Crook is more like it, when it is "borrowing" from the civil employee pension and disability funds. Good grief! Just stop the spending!
Things are about to get worse, much worse, before they get better. The stock market, bond market and our currency will wallow in the aftermath."

From Kirk Elliott via World Net Daily

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