Tuesday, February 16, 2010

Obama's Budget Details: Scary Days for America Ahead

Steve Elliot of Grassfire Nation has just released a chilling account of details he noted while reading through Obama’s new budget. Elliot writes, “it could mean the end of America as we know it.”

Included in the budget are:

-         Over $2 trillion in tax increases over the next decade

-         Rapid acceleration to an $18.57 trillion deficit

-         Government takeover of the health, energy, and student loan industries

-         Yearly deficits of nearly $4 trillion

-         By the time we hit 2020, the interest payment on the national debt will grow to $840 billion

 

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