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Here today, thats an increase of over 70 . Debt now represents 101 of the g. D. P. Lets put this in context, americans owe more money than the value of all the goods and services that are produced right here in the United States in one year. That level of debt quite honestly is unsustainable. Is nt just me saying that. C. B. O. Says our high and rising debt would have serious negative consequences on the economy and the federal budget. Admiral mike mullen said, the single biggest threat to our National Security is the debt. America is faced with two paths. One to continue down the path of blissful neglect or on the other path to seek an honest solution to it. Instead of solving our debt problems, president obama has committed to exacerbating them. The president s budget would add 8. 5 trillion to our already staggering debt. But despite new taxes in addition the obamas budget never ever balances. It is a vision that confines our children and grandchildren to heavy debt and tax burdens.

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