Sunday, August 12, 2012

Could Federal Spending Reach 20% of GDP by 2016

This just shows how deep a hole our government has dug for us and what this article doesn't tackle is the fact the revenue is likely to be 18-19%, so we will still be spending more than we are taking in if by some miracle we could get a 20% cut in spending in relation to GDP.  We are truly screwed and even with Ryan's plan, we are still underwater in 2016.  Reality sucks!

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