Obama Inches U.S Toward Debt Crisis, or Bankruptcy

As Barack Obama held his first press conference in months to promote his new $50 billion economic payback to unions, it bears reading a little-known reports from the Congressional Budget Office admitting out-of-control spending is leading us perilously close to a Greek-style meltdown. CNSNews.com has uncovered an obscure CBO report from July that states, "Combined with an unfavorable long-term … [Read more...]