
Duck and cover, stock up on soup, and kiss the lies goodbye...we've dropped the debt bomb. More specifically, David M. Walker, former US Comptroller General (Audits Gov.) and head of the GAO (Government Accountability Office) for 10 years, supports Rebellious Truths (rebellioustruths.org in their nonpartisan assault against misinformation, career politicians and the need for the American Youth to WAKE UP (www.youtube.com about what's really going on with our country. The good news...we're not totally screwed...if we rise up in responsible rebellion. For more information on the sad state of our economic condition and the lack of initiative from our government to tackle our most pressing issues, check out Comeback America Initiative's budget video: www.youtube.com and take Walker's Fiscal IQ quiz at www.FiscalIQ.net Rebellious Truths website rebellioustruths.org Rebellious Truths Facebook: www.facebook.com Twitter Truths Twitter: twitter.com Rebellious Truths YouTube: www.youtube.com Debt as a percentage of our GDP was at 99%. So what does that mean? That means that our debt has grown to the same size, in dollars, as our entire economy. Federal spending equaled about 24% of our total economy in Fiscal Year 2011. That's up from 2% in 1800, and at the current rate we could have government spending account for about 37% of our economy by the year 2040. Just as the financial health of a household is measured by its obligations compared to its income, you can measure the Federal <b>...</b>
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