Monday, February 20, 2012

Congressional Budget Office: US Economy Will Shut Down in 15 Short Years

But Obama supporters think that the U.S. economy (people with jobs) will be able to provide them with a palette of free, high-quality contraceptive choices?

Yeah, right.

The Congressional Budget Office is a little less optimistic. If Obama keeps getting his way, the U.S. economy will shut down soon, in a mere 15 years, strangled by debt rising to 900% of GDP. And it's not going to be a fun journey, count on that.

Through the lens of Mark Steyn, as usual, focused to incinerate: 
America's Treasury Secretary, Timmy Geithner the TurboTax Kid, thought the chart would have been even more hilarious if they'd run the numbers into the next millennium: "You [addressing House Budget Committee Chairman, Paul Ryan] could have taken it out to 3,000 or to 4,000" he chortled, to supportive titters from his aides. . . .

"Yeah, right." replied Ryan. "We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path."

Total collapse of the economy in 15 years under Obama's budget.

What a guy!


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