Tuesday, May 11, 2010

With government spending and debt, we're on a path to being like Greece

This is serious, and it's happening a lot faster than most people realize. Senator Judd Greeg (R-New Hampshire) says the massive government spending and debt proposed by Democrats will have us where Greece is in less than ten years. Here's Senator Gregg, via Politico:

“If we continue to spend much more than we take in…we'll double our debt in five years and triple it in 10 years and essentially be where Greece is in about seven years,” he said.

“So we know we are headed in that direction unless we do something about reducing the level of debt and reducing the level of our spending.”