Cowardly Democrats: GAO chief warns US economic disaster looms….

- The US national Debt is already $8.5 Trillion
- At current rates, the debt increases by $2 trillion to $3 trillion every year…
- Economists forsee the possibility that America’s total debt could, in several decades, equal the total net worth of ALL Americans put together!
- Potentially, the INTEREST on the US national debt, alone, could be more than the US collects in taxes each year.

<< America’s political class can be heard debating Capitol Hill sex scandals, the wisdom of the war in Iraq and which party is tougher on terror. Democrats and Republicans talk of cutting taxes to make life easier for the American people.

What they don’t talk about is a dirty little secret everyone in Washington knows, or at least should. The vast majority of economists and budget analysts agree: The ship of state is on a disastrous course, and will founder on the reefs of ECONOMIC DISASTER… he nation’s impending fiscal crisis… if nothing is done to correct it. >>

<< Their basic message is this: If the United States government conducts business as usual over the next few decades, a national debt that is already $8.5 trillion could reach $46 trillion or more, adjusted for inflation. That’s almost as much as the total net worth of every person in America — Bill Gates, Warren Buffett and those Google guys included.

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