The White House estimated that the national debt would double in ten years. At the same time, they believe the economy will grow by 60% in ten years (According to Mid-Session Review-Budget of the U.S. Government-Fiscal Year 2010). Hell, no one is bringing this up and that’s what’s worrying. The Treasury is already having difficulty paying off our current debt on time and the Chinese want to back down their support of the dollar. It’s gotten so bad that the Federal Reserve is starting to monetize the debt. Obama has never addressed any of this.

Also, troops are leaving Iraq, but 50,000 will stay behind. At the same time, we’re increasing operations in Afghanistan and earlier this year Obama ordered the bombing of the Pakistani border (ironic that he got the Nobel Peace Prize…).

Heck, even those he appointed are nothing but the same. Hillary Clinton went to the Chinese a few months ago to ask them to continue buying US debt. Timothy Geithner, head of the Treasury, went to assure the Chinese their investments were safe under the administration and said he had a “strong dollar policy”, and they laughed at him.

You may feel safe in the UK, but the US is going down the toilet even faster than under Bush…

(Somewhat old post, but I hope you enjoy the company!)