Unsustainable.....................from Rico

The 2009 Financial Report of the US Government has been released. It confirms what we already knew.
- The 2009 USG deficit was $1.417 trillion.
- Total liabilities rose from $12.178 trillion end 2008 to $14.123 trillion end 2009.
- At present rates of growth/increase the percentage of national debt and entitlement spending will eat almost every dollar of Federal revenue by the end of the decade.

The USG cannot keep spending and borrowing like it has been recently. It is unsustainable.

BUT if the USG even slows spending a 'little' bit it could really tank the economy.
- In fact, even with all the "bailouts" and "stimulus packages" many could argue that we are already in a depression.

In any event. it's now pretty clear: America's economic goose is cooked.

Individuals can go bust. Companies can go bust. Nations can go buts, too!

"Si se puede! Yes we can!"
- Obama