Just Keep Digging

If you want to quit sinking deeper in a hole....quit digging.

Sadly, for America, we are at a point where we simply have no choice but to keep digging.

Here is the headline that shows it;

November federal budget deficit highest on record

WASHINGTON (AP) -- The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government's deficits are set to climb higher if Congress passes a tax-cut plan that's estimated to cost $855 billion over two years.

The Treasury Department says November's budget gap was 25 percent more than the deficit in November 2009.

For the first two months of the current budget year, which began Oct. 1, the deficit totals $290.8 billion. That's 2 percent less than for the same period a year ago. And economists had been estimating that the full-year deficit would decline after two years of record highs.

But analysts say the tax deal President Barack Obama reached with Republicans this week will give the 2011 budget year the largest deficit in history -- $1.5 trillion, according to economists at JPMorgan Chase. It would mark the third straight year of trillion-dollar-plus deficits.

See it here; http://finance.yahoo.com/news/November-federal-budget-apf-4242171600.html?x=0

Ouch! Can a country run $ trillion dollar per year deficits forever?

Can a man making $50,000 per year borrow $100,000 per year forever?

Sooner than later that party will come to an abrupt end. And for a country full of voracious consumers like the USA...when our party screeches to a halt.... it's going to shake the world.