For two months, reporters and lawmakers have ignored a devastating report from the federal government itself, which warns that the nation's current fiscal policy will lead to economic collapse.(full story at breitbart.com)
The Government Accountability Office (GAO)—the personal auditor of President Obama and the federal government—released its assessment of the federal government on January 17, 2013. The report's findings illuminate just how dire America's spending problem is and, therefore, how little the current cuts debated by Congress do to fix it.
"The projections in this Report indicate that current policy is not sustainable ..."While President Obama and his media allies boast from their ivory towers that America “doesn’t have a spending problem” but rather a “health-care problem,” they are sweeping reality under the rug and spouting lies to the American people.
This is the reality: when President Obama’s personal auditor says the federal government has a spending problem, it indeed has a spending problem—and one that is growing rapidly.
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