CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS (mparent7777_1) wrote,
CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS
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U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican

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Our $100 Trillion National Debt

Monday, August 04, 2008

By Terence P. Jeffrey, Editor-in-Chief


Rep. Paul Ryan (R-Wis.)

(CNSNews.com) - The ranking Republican on the House Budget Committee said the U.S. government is headed toward bankruptcy if it stays on its current fiscal course.

“We know that for a fact,” Rep. Paul Ryan (R-Wis.) told CNSNews.com in a video interview. “All the actuaries, all the objective scorekeepers of the federal government, are predicting this.”

To back up this claim, Ryan cited an estimate by the non-partisan Government Accountability Office that says the government faces a $53-trillion shortfall to cover the costs of promised benefits in its entitlement programs.

--MORE WITH VIDEO--
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