Debt to equal 90% of GDP??

[SpoonyG]

Hello,

I ran across this story today and would ask for members input on how this will trickle down / effect the little guy.  I have a terrible feeling a BIG change is coming.

Please leave your political viewpoints out of your reply.

http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/

[peternap]

Sorry, I can't answer it without the politics because they are joined at the hip. The figure isn't unexpected.
Obama. Whatever I think of his politics or motives, he is one smart SOB. In the health bill he's taxed everything that isn't nailed down or painted.

If he can continue to add new taxes and if the American public can stand the strain, he could balance the budget. There are a lot of if's there and that's as far as I can go without getting into the political side.

[pagan]

I agree with peter, it's difficult to keep politics out of this discussion. Many people for years have been saying that spending by our so called leaders is breaking our country. Change is coming, and it won't be what people expected when they elected Mr. Audacity of Hope. And you've got to admit the big "O" adding 2 trillion dollars in debt in one year has got to be a record.