In conjunction to Judy Shelton’s, “The Message of Dollar Disdain”.
Important excerpts to remember:
“But for all the talk from the Obama administration about the need to exert fiscal discipline- the president’s 10-year federal budget is subtitled “A New Era of Responsibility: Renewing America’s Promise”- the projected budget numbers anticipate a permanent pattern of deficit spending and vastly higher levels of outstanding federal debt” says Shelton.
Judy Shelton also states:
“[It's] a mathematical impossibility to reduce debt if you continue to spend more than you take in.”
“[National Debt] will climb to an estimated 90.4 percent this year and touch the 100 percent mark in 2011.”
http://online.wsj.com/article/SB10001424052748704107204574470961505506386.html
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