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America Sleepwalks Towards Economic Suicide

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posted on May, 17 2010 @ 06:40 AM
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The clock it ticking.

Source:
www.chicagotribune.com...


Chicago Tribune article showing America's government debt as a percentage of GDP over the last 70 years. It actually went over 100% for a few years in the mid 40's which isn't too surprising given WWII and all the war bonds issued. But it's been heading that way again since 2008.

And this isn't just a slightly interesting statistic - national debt hitting 90% of GDP seems to be a tipping point for countries that puts them into a permanent state of low growth and high unemployment. So unless we stop this spending spree, that's our future too.

90% Tipping point source:
www.moneyshow.com...
www.aeaweb.org...





Thanks George Bush...Thanks Barak Obama. You've fugged us all.





Edit to adjust image size


[edit on 17-5-2010 by Thirty_Foot_Smurf]




posted on May, 17 2010 @ 07:59 AM
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thanks smurf, this editorial from the chicago tribune is exactly what i have forseen as everyone is snoozing as our rights, liberties and laws have been desecrated right under our very noses.

i am extremely happy that you put both puppet presidents into the picture as bush inacted the patriot act with less problems than it took him to complete a full sentence, and yours truly obama AKA know one know's who the F he is, has spent more wasted money in less time than a crack whore could in the time he has been in office.

we are in some deep doo-doo, time to get some hip waders on because the sh# is about to hit the fan.

[edit on 17-5-2010 by allprowolfy]



posted on May, 17 2010 @ 09:57 AM
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Sleepwalk? Looks like we're running full force.



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