
Time for Budgetary Truth
According to recent CBS / New York Times and NBC / Wall Street Journal polls, public concerns over super-sized Federal deficits and the increasing national debt are overtaking concerns over our failing economy. In 1980, our national debt stood at about $800 billion accumulated over 200 years. in less than three decades, that debt has increased twelve-fold. The national debt will exceed $11 trillion in 2010 and is projected to exceed $20 trillion by 2020 (even if interest rate