U.S. To Add Eight Trillion To Deficit in 2013

The lack of growth and the lack of new jobs, coupled with the increase in warmongering, welfareism, and people on the dole has caused a 6.9 trillion dollar deficit in 2012 and will lead to a budget mis-balanced by a whopping EIGHT TRILLION DOLLARS in 2013. That’s EIGHT TRILLION ADDITIONAL dollars, bringing the deficit to 24 TRILLION dollars. Household income “is lower than the recent recession… lower than where we were in the seventies” – John Williams of shadowstats.com

A simple answer for the short term – Bring the defense spending back home.

222 Trillion Fiscal Gap according to the CBO. It grew by 11 trillion in one year.

12% of GDP for USA
10% of GDP for Greece
5% of GDP for Germany
0% of GDP for Canada

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Get every new post delivered to your Inbox.

Join 117 other followers

%d bloggers like this: