Stan Geiger

A Staggering Fact

So I was doing a little channel surfing and ran across the News Hour on public television. The Shields and Brooks segment came on, and Shields threw out an interesting fact. He said there are only two countries on this planet with budgets that exceed our deficit.

There are only two nations---Great Britain and Japan---that have governments that spend as much in twelve months as the U.S. federal government borrows in twelve months.

Nations that most in this country consider socialist, like Canada, France and Germany, don't spend as much in a year as we borrow in a year. Nations that have four times the population we have, like China and India, don't spend as much in a year as we borrow in a year.

If that don't grab ya by the nose, ain't nothin' gonna git 'er done.

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