Little Timmy Geithner (shown here trying to count his fingers) warned this week that the national debt will break through the federal debt ceiling of $14.3 Trillion near the end of the first quarter of 2011! What wonderful news!!! We must now depend on a Congress full of financially inept morons to determine the fate of the country! Will they have the courage to make some hard decisions? Will the newcomers (mostly Tea Party Candidates) keep the pressure on their more experienced (but, probably, less competent) House mates to cut the size of the federal government, stimulate business and the economy, and reduce regulatory oversight? Can an American financial disaster that will affect the entire world’s economy be averted? We’ll have to wait and see. The House should hold Obama accountable to agree with serious expense reductions before even considering an increase in the debt ceiling! But, make no mistake, our circumstances are dire! Swift and decisive action is required by our leaders!
The US National Debt Clock has passed $14,000,000,000,000 in debt! Unless federal spending and the size of government (at all levels) is reduced, the country can never regain control of its’ destiny! Click on the link below to see the clock for yourself! Pretty scary!!!