God Help the American Public

Contrary to Mr. Obama's Herbert Hoover mantra that economic recovery and more jobs are just around the corner, the CBO budget chief said the economy will grow by a weak 1.6 percent this fiscal year and the jobless rate will average 10.2 percent.

CBO's outlook for 2011 is just as bleak. The nation's gross domestic product (GDP) growth is expected to reach barely 1.8 percent, while unemployment is projected to show scant improvement, averaging 9.8 percent for that fiscal year.

The administration's unprecedented budget deficits are expected to be more than $1 trillion this year and next and stay at very high levels for years to come.

The INTEREST on the deficits run up in the three years from 2009 thru 2011 will mean INTEREST PAYMENTS ALONE ON THESE THREE YEARS ALONE WILL BE 4 BILLION DOLLARS A WEEK, UNTIL THIS DEFICIT IS PAID OFF, OR FOREVER

THAT'S EIGHTY F-35's A WEEK

IN INTEREST

This very scary quote comes to you from the interesting blog by Epaminondas titled "Villagers With Torches". Go read it now. Shoo. Then cry yourself to sleep. Remember, Elmendorf's handpicked by Hopey to run the CBO.