Tuesday, May 12, 2009

"The White House on Monday said the new estimate of the budget deficit would nearly reach $2 trillion - that's trillion, with a "t" - and that's nearly 13 percent of the entire gross domestic product. Pretty gross any way you spin it, and the president's men (and women) are spinning it as best they can. Alas, the country's predicament, if not yet the president's, is probably worse than it looks." -Pruden/Washingtion Times

Through most of the history of our national debt it has remained around 7% of our GDP. This number is nearly double that, and halfway to Japan's milestone of 21% back when they were having their problems. The collective stupidity of congress has filled up the tank, and the wheelman is heading the wrong way. The only green part of it, is the color we are now bleeding. -Waldo