Donald Lambro
WASHINGTON - The Congressional Budget Office gave us a forecast preview Wednesday of the frightening fiscal catastrophe that threatens to engulf the government in a sea of debt.
The CBO report by Congress's nonpartisan budgeteers reads like one of those disaster movies in which America is under attack by an alien enemy that destroys everything in its path.
But this isn't science fiction. It's happening now and it is going to make Europe's financial crisis look like an empty piggy bank.
CBO said that under President Obama's out-of-control spending policies, we are running up another $1 trillion-plus budget deficit.
Our monster $15.2 trillion national debt will become a $21.6 trillion debt in 10 years. Medicare's hospital insurance trust fund will be virtually emptied by 2022, two years earlier than President Obama predicted last year.
Read more: http://townhall.com/columnists/donaldlambro/2012/02/02/obamas_failing_cbo_report_card_on_jobs_debt_and_weakening_economic_growth
WASHINGTON - The Congressional Budget Office gave us a forecast preview Wednesday of the frightening fiscal catastrophe that threatens to engulf the government in a sea of debt.
The CBO report by Congress's nonpartisan budgeteers reads like one of those disaster movies in which America is under attack by an alien enemy that destroys everything in its path.
But this isn't science fiction. It's happening now and it is going to make Europe's financial crisis look like an empty piggy bank.
CBO said that under President Obama's out-of-control spending policies, we are running up another $1 trillion-plus budget deficit.
Our monster $15.2 trillion national debt will become a $21.6 trillion debt in 10 years. Medicare's hospital insurance trust fund will be virtually emptied by 2022, two years earlier than President Obama predicted last year.
Read more: http://townhall.com/columnists/donaldlambro/2012/02/02/obamas_failing_cbo_report_card_on_jobs_debt_and_weakening_economic_growth
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