Thursday, March 26, 2009

Can you afford $48,000 more?

IBD reports that Barry O'B's budget would put every American family $48,000 deeper in debt.

In the next five years alone, Obama's budget adds $5.7 trillion to the U.S. debt. That's $48,000 per household. Put in perspective, servicing that debt each year will cost as much as the annual defense budget by the end of the decade.
So we'll be spending as much on debt service as on defense? Ouch. (My prediction is that we'll be spending more bc. the Dems will cut defense as soon as they get the opportunity.)

It's beyond words. . . .

I swiped the picture from here.

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