Thursday, June 2, 2011

Restoring Sanity

"a movement to at long last restore sanity to

the federal government amid a fiscal crisis"

Mike Brownfield, The Foundry

The federal government is borrowing 40 cents of every dollar it spends. The accumulated national debt stands at nearly 70 percent of the country’s annual economic output, set to climb to 100 percent by the end of this decade. And according to some comparisons, the U.S. economy is already in worse shape than the stumbling economies of most European nations. But never fear: The President is holding a meeting with congressional Republicans today to “hear and listen to their ideas, their concerns.”

Posted via email from concernedabouteducation's posterous

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