April 14, 2010

MEANWHILE, ELSEWHERE ON THE RIGHT...:

Inviting War Against America (Peter Ferrara, 4.14.10, American Spectator)

To get the money to win World War II, America ran unprecedented deficits and drove up the national debt to unprecedented levels. In 1943 alone, the federal government borrowed $54.5 billion, which was more than it had borrowed in all of its previous history before the war, combined. By 1946, Gross Federal Debt peaked at 122% of GDP, and net national debt held by the public peaked at 109% of GDP.

But according to the CBO, under President Obama's budget, Gross Federal Debt will already be at 122% of GDP by 2020, without any world war.


...we're attacking Mr. Obama for not taking the Global War on Terror seriously.

Posted by Orrin Judd at April 14, 2010 6:00 AM
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