Article Image
News Link • Ron Paul Says...

Ron Paul's Texas Straight Talk 6/11/12: The CBO Sees the Economic Cliff Ahead


The CBO report for fiscal year 2013 is discussed.

You can call in at 888-322-1414 Courtesy of the nice gentleman that posted below....

The CBO Sees the Economic Cliff Ahead
Last week the Congressional Budget Office (CBO) issued its annual long-term budget outlook report, and the 2012 numbers are not promising. In fact, the CBO estimates that federal debt will rise to 70% of GDP by the end of the year-- the highest percentage since World War II. The report also paints a stark picture of entitlement spending, as retiring Baby Boomers will cause government spending on health care, Social Security, and Medicare to explode as a percentage of GDP in coming years.


Join us on our Social Networks:


Share this page with your friends on your favorite social network: