Link to the article please.

Thanks,
~RM

the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015

BY 2015! Give me a freaking break.

By MID-2011, that means WITHIN A YEAR it will climb above 100 pc of GDP.

They just keep lying and lying to the public.

This year's deficit for the first 4 months amount to a 1.9 trillion deficit.

634 billion in deficit in 4 months. And guess what? It's gonna be bigger than that.

The debt ceiling will be reached BEFORE THE YEAR IS OUT.

So please MSM, STOP LYING.

And this is why war in ME and WW3 is imminent - USA cant afford another year with investing 53% of its economy to defence and wars - think about it!

Banksters wont give loan to bread, but just swords, because with sword you can always stole anothers bread, and pay interests with stolen profits.

So the system has work since first international banksters - Rotchilds dynasty.

In the words of Thomas Jefferson, ...

"To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.

I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. -Thomas Jefferson

I've had this quote as my signature for years now.

Funny how our elected politicians don't have the same common sense as our forefathers did over a hundred and fifty or so years ago! (Not really!)

Think we have a problem with the deficit now?

Just wait 'til this new health care programs bills start rolling in.

[edit on 5/17/2010 by Keyhole]

biggest budget crunch but still it doesnt stop the cowboys from funding the israeli missile system

Originally posted by RizeorDie
biggest budget crunch but still it doesnt stop the cowboys from funding the israeli missile system

Or stop them from bailing out Europe

Or Stop them from funding more entitlement programs

Or stop them funding border security where it is not needed to where it is needed

or etc etc etc

what you don't find in that info is

Obama doesn't add Fannie and Freddie
debt in that total.

Add it back in and we're close to
being bankrupt right now.

When you have a Goldman Sach's CEO saying there is nothing wrong with him making $68 million dollars a year there is something wrong with America.

All the budgetary woes aside the problem with America is the rich are getting too rich. The middle class is barely keeping their head above water. The poor? Well unfortunately nothing much changes for them. They are used by the rich as a pawn. There will always be help for the poor.

1) END THE WARS
2) Seal the borders
3) Institute a national sales tax based on consumption and eliminate income taxs
4) Insitute fair trade tarrifs on imports and get rid of this ridiculous free trade crap that is killing American industry

Simply instituting those 4 solutions would not only cure our budget woes but would also spur job growth and bring back industry.

Oh and clean up wallstreet and tax the hell out of the filthy rich LOL. No human being deserves to be worth or make more than several million dollars! Any human being that says otherwise is a fool.

Not to downplay this at all because it is a very significant story but Bank Of England != IMF.

But there is a recurring pattern here with Greece and the IMF calling out Wall Street Banks for Committing fraud to derail Greek Debt and the Bank of England telling America it should through stones in Glass house.