Stop mincing words... The U.S. is bankrupt and printing more worthless dollars ain't gonna fix it... Meanwhile, the WaPo stays context-free...

wake up and smell the coffee...

Deteriorating economic conditions will cause the federal deficit to soar past $1.8 trillion this year and leave the nation wallowing in a sea of red ink far deeper than the White House had previously estimated, congressional budget analysts said today.

[...]

And although Obama would come close to meeting his goal of cutting the deficit in half by the end of his first term, the CBO predicts that the nation's annual operating deficit would never drop below 4 percent of the overall economy over the next decade, a level administration officials have said is unsustainable because the national debt would grow too rapidly.

By the CBO's estimate, for example, the nation's debt would grow to 82 percent of the overall economy by 2019 under Obama's policies, compared with a pre-recession average of 40 percent.

what's wrong with this story...?

well, for starters, how about the total failure to mention the connection of the national debt to the failed federal reserve system which is the creditor to which the u.s. must pay the debt, the privately-owned money printing machine that holds us all in economic thrall...

oh, yeah, and, btw, there's also the matter of the REASON for the soaring national debt, namely, that the u.s. is borrowing all that money from the federal reserve in order to prop up the friggin' PRIVATE BANKING AND FINANCIAL INTERESTS that feed from the federal reserve trough... interestin', eh...?

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