govtcritic

A Look at US Debt Levels as a Percentage of GDP

The problem with this ratio is that the government has been lying about the TRUE debt, which is now approximately $54 trillion. This figure includes all contingencies that we have guaranteed or underwritten by law, and is sure to grow in the near future as we dump corporate fiascoes like Lehman on the hapless taxpayers. We
're in serious trouble, as evidenced by the fact that politicians think that the solution is to CUT taxes!!