National debt seen heading for crisis level

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL

This is the cost JUST to service the national debt and the credit card account is still open to charge on, with NO LIMIT on the credit.
$5.6 trillion Amount interest costs alone will consume this decade.Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNHYBSu1



Health care may have been the last big bang of the Obama presidency.

With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration.

Lost amid last month's passage of the new health care law, the Congressional Budget Office issued a report showing that within this decade, President Obama's own budget sends the U.S. government to a potential tipping point where the debt reaches 90 percent of gross domestic product.



Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNGoD3kg

CBO: Federal deficit projected at $1.35T

http://finance.yahoo.com/news/CBO-Fe...sset= &ccode=

Yes we're all fully aware that they see it, and their solution to fix it is to raise the National debt limit and reward themselves with another 1.9 trillion dollars just to get by.
It's time to audit the government as well as the FED.
I'm sure if we did we'd see very much the same extravagant waste and personal pilfering that the UK did

Congressional Budget Office sees 2010 deficit of $1.35 trillion as economy lags