We're doomed....
Federal obligations exceed world GDP
...the American public is largely unaware that the true deficit [ed: should be true DEBT] of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The real 2008 federal budget deficit was $5.1 trillion.
Saturday, February 14, 2009
Federal obligations exceed world GDP
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