US National Debt Equals Entire Economy – Viscosi Media

As the new Republican House of Representatives and President Barack Obama prepare for what looks to be a major budget showdown it was revealed on Monday that the US National debt now equals the same amount of the entire United States economy. This alarming news sent shockwaves throughout the entire financial sector and with millions of concerned Americans.

It is the first time since World War II that such a US National debt percentage has been amassed. Obama’s budget will feature the biggest one year debt jump in American history. Republicans were highly critical of the new Obama budget saying that it did not take into account the serious plight of the situation.  Obama ran for President in 2008 bashing the budgets of then President George W. Bush and then immediately tripled the US National debt during his first year in office.

The Obama administration submitted a budget that is based on the theory of rapid economic growth after two years of sluggish performance. The Congressional Budget Office however does not share that optimism and thinks that the economy will continue to stall. Despite the best efforts of his sock puppet adoring media that masquerade as objective journalists, the American people are becoming much more skeptical about the economy after two years of a growing US National debt and a budget which has not lived up to what was promised when he signed his plan into law.

As a result, unemployment remains high and millions of Americans have given up looking for work. With the latest news about the budget deficit, the weak American dollar could take a further hit. Many financial experts are predicting that inflation is soon to come as the United States continues to run out of ink and paper printing more money to throw into the economy. While both the Republicans and President Obama debate the budget, one thing is for certain; the US National debt is now over $14 trillion and continues to grow each day with no clear solution in sight.