"The Gravest Threat Facing the Economy"
Article, “Economists list U.S. budget deficit as No. 1 worry”…snippet:
“(Reuters) – The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday.” …
“Panelists continue to characterize excessive federal indebtedness as their single greatest concern,” with state and local government debt the second-biggest worry, the survey said. It was conducted between January 25 and February 9.”
Meanwhile, Obama’s promised deficit reduction over the next decade doesn’t even total the amount of the budget deficit he’s budget for this year…which also illustrates exactly how ridiculous the bureaucratic liberal position is on both the federal and state level with our “gravest threat” to the economy.
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