Stuart Varney interviewed Congressman Paul Ryan about the current out of control spending in Washington, and his plan to rein in spending and alleviate the $108 Trillion of unfunded liabilities we are now carrying.
Greece is running a 13% deficit, owes the world $300 Billion and is now working out a bailout with the EU for $41 Billion. Charles Krauthammer has a opinion on America’s future in relation to what is happening in Greece right now.
“…from an American perspective, that’s the future. We now have a GDP, a deficit this year of over 10%. Which is wildly out of control…if we stay on course, the most optimistic estimates out of the CBO are that we are going to have a national debt, a total accumulated debt in ten years of about 100%, 90% of our GDP, in which case we become Greece…”
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