http://www.worldnetdaily.com/index.php? ... geId=88851
Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?
"As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the "2008 Financial Report of the United States Government" as released by the U.S. Department of Treasury. "
At least black people won't be the only ones complaining about slavery. We're all going to be slaves to the State. Our current obligation per person is already over 36,000. If you take into account the fact that only 50% pay taxes that boosts you up to around 70,000 in tax liability to the federal govt to balance our budgets. Where will this money come from. If it is so bad for Republicans to run deficits then why are we starting the first 100 days of the new presidency with the biggest government spending package to date. Let me guess. The whole thing was G W Bush's fault right? He was the last monarch and all.