Lost in all the politics of raising the debt ceiling is a simple understanding of why it is so dangerous to do so.
The government-controlled media is trying to ensure that the public doesn’t have the facts, lacks a clear understanding of the problem and chooses sides based on emotion.
The fact is, at the end of 2008, the Congressional Budget Office (CBO) reported, “At the end of 2008, that debt equaled 40 percent of the nation’s annual economic output (a little above the 40-year average of 37 percent). Since then, the figure has shot upward: By the end of fiscal year 2011, the Congressional Budget Office (CBO) projects federal debt will reach roughly 70 percent of gross domestic product (GDP) — the highest percentage since shortly after World War II.”
Click the link above and read the whole article. It will open your eyes to the real menace that Obama is and will continue to be if he’s reelected.