Titanic Of Debt Clocks.

Rep. Paul Ryan: Obama’s New Budget Will ‘Literally Crash the U.S. Economy’

(CNSNews.com) – Rep. Paul Ryan (R.-Wis.), the ranking member of the House Budget Committee, told CNSNews.com that the new fiscal year 2011 budget proposed by President Barack Obama will “literally crash the U.S. economy” with the additional debt it plans for the federal government.

“They literally crash the U.S. economy, if these kinds of deficits that he’s proposing persist,” Ryan said, referring to the fact that the Congressional Budget Office has reported that the president’s 2011 budget proposal would nearly triple the publicly held portion of the federal debt over the next ten years.

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