With the Boehner and Obama spending spree barely getting started the government now is borrowing more then the country’s Gross Domestic Product, GDP!
The new spending pushed total public debt to $14.58 trillion, over the 2010 GDP of $14.53 trillion, and putting us in on the same level with the European PIGS the highly indebted countries Portugal, Italy, Ireland, Greece , Spain and you can add Belgium but it doesn’t fit the acronym.
Obama manna has managed to turn us into a third world country just like the one in which he was born – and Boehner went along smilingly
What is incredibly odd is that after this, Moody’s said that they are maintaining America’s “AAA” rating. Of course that’s not corruption!