>>"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
>>
>>-Barack Obama, March 2006 just before voting against raising the debt ceiling
>
>And the financial landscape now is exactly the same as 2006. Quite right Mike. Now back to the dogs and picking up the poop I think.
http://www.usgovernmentspending.com/downchart_gs.php?year=&chart=H0-fed&units=b#copypaste2006 (in billions)
US DEBT $8451.35
US GDP $13398.9
Debt/GDP = 63.07%
2011 (in billions)
US DEBT $15476.24
US GDP $15079.60
Debt/GDP 102.63%
It's much, much worse.
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
