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Obama's wars PLUS socialism = 3x bigger deficit

http://www.economist.com

"Bad as the deficit was under Mr Bush, it will more than triple this year, from $459 billion in 2008 to $1.845 trillion
[...]
Meanwhile, the long-term fiscal outlook grows ever grimmer. Americans are getting older. The government’s unfunded obligations to give them pensions and health care are equivalent to a debt of $483,000 for every household."

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Created by d_goddard 3 years 49 weeks ago – Made popular 3 years 19 weeks ago
Category: Economics   Tags:
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