What is the end game with the continuation of debt pile-on by our elected representatives? Economic collapse? Regardless, there is news now that the debt now equal the total economy of the United States...not to mention the interest.
Gotta love the "long-term" plan to reduce the deficit: “When we came into office, when President Obama took office, the deficit was climbing to over 10 percent of the economy. We have a plan that would bring it down to 3 percent,” he said. “That is the most rapid reduction in the deficit in history. It is what we have to do to be able to say we’re paying our bills and we’re not adding to the debt.” (Speaking on MSNBC on Monday, Jacob “Jack” Lew, the White House budget director, said their long-term plan to lower deficits will stabilize the debt.)
It all sounds like much of the same bull we have been feed for many decades...
http://www.washingtontimes.com/news/2011/feb/14/debt-now-equals-total-us-economy/
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