Wednesday, June 8, 2011

Default Looms One Way or the Other

This article from the Utah Herald is frightening but I can find nothing wrong with the columnists logic.

$61.6 Trillion in unfunded mandated spending. plus $14 trillion in national debt. We are currently "borrowing" money from the .gov employee retirement system (I have grave doubts that money was even parked there to begin with) and Congress and the Vice president are holed up somewhere trying to decide on what band-aid measure to apply so that redumblicans and dumbocrats can raise the debt ceiling and look like they got their way.

This country isn't falling off a cliff, but it sure is sliding downhill fast. Hope you brought your walking shoes, this is going to be a long journey before things get better.

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