(U.S. Chamber Magazine) -- USChamberMagazine.com reports that "federal spending has accelerated sharply, having increased $5,000 per household since 2008 and $10,000 per household in the past decade." The story notes that "federal debt is expected to equal 62% of GDP in 2010, up from 40% in 2008, according to the CBO." And if "you count the government’s obligations (Social Security, Medicare, and Medicaid), debt is currently approaching 100% of the size of the economy."
At recent forum held by the U.S. Chamber’s Campaign for Free Enterprise (CFE) and the National Chamber Foundation (NCF), former Comptroller General of the United States David Walker said, "The biggest deficit in this country is a leadership deficit."
http://www.nebraskaagconnection.com/story-national.php?Id=2541&yr=2010
