American Thinker: Creative Destruction and the Federal Deficit #tcot

The President announced the 2012 budget of $3.73 Trillion with an expected deficit of $1.1 trillion.  The massive deficit combines with the three prior years' deficits of in excess of $1 Trillion each which will push the national debt beyond $16 Trillion.

When combined with the exploding state deficits and other unfunded liabilities, the debt crisis will begin to unfold rapidly and unpredictably for our citizens.  A national disaster is in the making.

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