In a FOX Entertainment story this evening, CBO Director: Trillion-Dollar Deficits Risk 'Fiscal Crisis' in U.S., the top numbers cruncher for Congress warned Thursday that the federal government increasingly risks sending the country into a "fiscal crisis," projecting that unless cuts are made, within a decade the national debt could reach nearly 100 percent of all annual economic activity. That's like having $50,000 in debt on a $50,000-a-year salary.
It strikes me as odd to make a statement like this, don't these people realize that a lot of us already realize that our country is going to hell in a hand basket, and fast?
How much money do you suppose they spent to figure all this out?
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