CBO Report: Obama’s Debt Will Rise To 90% Of GDP

Obama’s 2011 budget will generate $10 trillion in deficits over 10 years, $1.2 trillion more than projected, raising the federal debt to 90 prct of the nation’s GDP by 2020

National Debt Will Bring Cutbacks, Tax Increases That ‘Aren’t Even Imaginable’

American leaders have sounded the alarm for years about the red ink on the government’s books, but now the problem of mounting national debt is worse than it ever has been before with potentially dire consequences for taxpayers.

The Worst May Not Be Over for Europe

Day by day fears are growing that Greece or another weak country may default on its sovereign debt obligations

Jim Rodgers on CNBC “You Will Be A Farmer Soon”

Jim Rodgers gives his thoughts on the current situation in the US. Gold is not in a bubble, but silver is a better deal. Foremost he is urging us all to become farmers.

U.S. National Debt Tops Debt Limit

The latest calculation of the National Debt as posted by the Treasury Department has exceeded the statutory Debt Limit

Dems Want to Raise Debt Ceiling $1.8 Trillion by Years End

“We don’t really have a choice. The bill’s already been run up; the credit card has already been used. When you get the bill in the mail you need to pay it.”

OVERDRAFT: Obama Admin Pleads to Congress $2 Trillion More Credit

White House wants an increase of at least $1.5 trillion…. Record budget deficits are pushing the national debt closer to the $12.1 trillion limit.