Obama's New Budget - Thirdworldian

I know its not a word. But what else could describe debt levels at (or over) 75% of the entire GDP. If this country were known by any other name, the IMF would be taking over.



That chart isn't some creation of a right wing racist nazi teabagging hater of a black man in the White House. Those are Obama's numbers, nicely presented by the Heritage Foundation.

So how much will we have to tax to simply pay for the spending?

This much.



I'm going to guess that corporate taxes approaching anything close to 50% is doomsday, 80%...Thirdworldian.