Thursday, April 30, 2009

"$3.4 trillion . . . a third of it borrowed"

"Democrats in Congress capped President Barack Obama's 100th day in office by advancing a $3.4 trillion federal budget for next year - a third of it borrowed - that prevents Republicans from blocking his proposed trillion-dollar expansion of government-provided health care over the next decade."

http://www.miamiherald.com/news/politics/AP/story/1024127.html

Think about that - a "$3.4 trillion federal budget for next year - a third of it borrowed", plus another "trillion-dollar expansion of government-provided health care", also borrowed.

There is no way this government can commit to spending $4.4 trillion dollars, at least $2.13 trillion (almost half) of it borrowed, and not go broke. Get ready for hyper inflation.

No comments: