US financial obligations exceed world GDP. Does $65.5 trillion terrify anyone yet? Time to cut Up Uncle Sam's credit cards.

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obama-cream-of-nothing-bugfurhat.jpgFrom WorldNetDaily:  "As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world."

Are you worried yet?

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About Mark

A Silicon Valley native, Mark Kolich is a full-time Software Engineer, a casual entrepreneur, and a consultant for hire. A web technologies expert, his current focus is on building powerful and robust cloud-driven web-applications using Java, PHP, Perl, AJAX, DHTML, CSS, and JavaScript. His favorite programming languages are PHP, Java and JavaScript. He uses Linux, enjoys biking to work, loves building great software, and always writes elegant, readable, and maintainable code.

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This page contains a single entry by Mark Kolich published on February 17, 2009 8:00 AM.

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