July 26, 2014

Chris Banescu: America Slouching Towards Fiscal Armageddon

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Chris Banescu, a frequent contributor to the Observer and noted blogmeister in the Orthodox world (who irritates the liberals to no end), has a new article published on American Thinker today. Good work Chris! Source: American Thinker and ChrisBanescu.com America is in grave danger. Our government's out-of-control spending and our politicians' refusal to implement meaningful budget reforms are leading us towards a fiscal crisis that can undermine our very way of life. We are spending ourselves into oblivion. With each passing day, we are $5 billion in deficit spending closer to the edge of an abyss that can cripple our economy, destroy America's wealth, and lead to catastrophic social consequences for all current and future generations. Yet our leaders in Washington refuse to face reality and continue to play political games while the country's budget crisis deepens and the threat grows exponentially. In February of this year the US federal budget deficit grew by a … [Read more...]