US Budget Deficit

Click on the title to link. This Administration spends money like nobody's business. The long-term consequences will be far reaching and severe. You just cannot continue spending money like this without problems. Yet, here we are.
This is without a doubt the scariest statement in this entire article:

"This recession was simply worse than the information that we and other forecasters had back in last fall and early this winter," said Obama economic adviser Christina Romer.

Are you serious, Christina? Do we have stupid stamped on our foreheads? And you advise the President on the economy? Lord, help us all then. I am curious, why is it that everybody else in the country knew it was this serious then? And why did you rush through a stimulus bill of hundreds of billions of dollars? What a cop out! If you don't agree with this quote (Republican or Democrat) then you are in denial:

"The alarm bells on our nation's fiscal condition have now become a siren," Senate Minority Leader Mitch McConnell, R-Ky., said. "If anyone had any doubts that this burden on future generations is unsustainable, they're gone — spending, borrowing and debt are out of control."