May 06, 2009
On April 21, the International Monetary Fund (IMF) projected (see the World Economic Outlook, pp. 36-37) that the US foreign debt will increase from about 4.5% of world GDP in 2007 to about 9% in 2009. Given that the US foreign debt was 17.7% of US GDP at the end of 2007, this means that our foreign debt will be about 35% of US GDP.
DEBT YOUR GRANDCHILDREN ARE GOING TO PAY.
AREN’T WE SUPPOSED TO LEAVE A BETTER PLACE TO OUR CHILDREN???
HOLD THEM TIGHT AND APOLOGIZE TO THEM FOR THEIR WRECKED FUTURE.
OBAMANOMICS STIKES AGAIN!!!