CBO: Debt Will Rise to 90% of GDP. Economic Collapse Just a Matter of Time Under Obama. It's Time to Worry, Fight Back, and Save America.

President Obama is a Marxist minded radical. He isn't shy about admitting it. Obama is a also compulsive lying con artist; just watch YouTube. So why are people STILL in denial? Obama is using the Cloward-Piven strategy to intentionally collapse the economy.

President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.

In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion. After looking it over, CBO said in its final analysis, released Thursday, that the president's budget would generate a combined $9.75 trillion in deficits over the next decade.

"An additional $1.2 trillion in debt dumped on [GDP] to our children makes a huge difference," said Brian Riedl, a budget analyst at the conservative Heritage Foundation. "That represents an additional debt of $10,000 per household above and beyond the federal debt they are already carrying."

The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it's headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO's deficit estimates. READ MORE...


NOTE- While Republican Congresses added almost $800 billion in annual spending to the budget in six years — an indefensible expansion — that pales in comparison to the $1.1 trillion added by Democratic Congresses in just three years.

The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it’s headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO’s deficit estimates.

We could be looking at a collapse scenario where we can’t borrow enough to keep up with our interest payments by the time this decade concludes. READ MORE...