|Is the U.S. federal budget a house of cards?|
Between interest on the federal debt and mandatory programs like Social Security and Medicare the government pays out more than it receives in tax revenues.
And that's before appropriated or discretionary programs like defense, energy and running the government on a day-to-day basis are taken into account.
When you bring these expenditures into the mix we are looking at annual deficits above $1 trillion.
Where will this budgetary nightmare in the United States end? Consider the following and you decide!
From an anonymous email:
Do NOT watch this video :
1- if you think that Jimmy Carter was a great President!
2- if you think that it is totally incorrect for Moody's to downgrade the U.S. credit rating.
3- if you just came home from a 28-day stay at a rehab and you just can't take any stress!
4- if your "shrink" is on vacation and he won't be able to see you until October!
5- if you misplaced your anti-psychotic medication!
6- if you still think that the President and Congress are doing "the best they can".
7- If you still get all your information from reading the NY Times.
8- if you only watch the "cooking channel"
9- if you still think it "was Bush's fault"
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