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Government Accountability Office Auditor’s Report

Bottomfeeder

By Bottomfeeder
in Political Smack Talk

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Bottomfeeder 244

Posted
Posted
The United States is Insolvent

Sunday, December 17th, 2006

Prepare to be shocked.

The US is insolvent. There is simply no way for our national bills to be paid under current levels of taxation and promised benefits. Our combined federal deficits now total more than 400% of GDP.

More

http://fms.treas.gov/fr/06frusg/06frusg.pdf

My, my, my, what are the bankers going to come up with next?

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