Wednesday, March 9, 2011

The real budget story

Forget the drama, the protests, the rhetoric and the political posturing.

This is the real story:

The government borrows almost 40 cents of every dollar it spends. The White House projects a record $1.65 trillion deficit this fiscal year, and $7.2 trillion in deficits over the next 10 years.
http://www.newsobserver.com/2011/03/08/1038858/behind-the-scenes-6-senators-work.html

No person, no business, no government can long survive if it borrows almost 40 cents of every dollar it spends.

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