Michael Pento: Four Words Obama Will Never Say

Michael Pento: Four Words Obama Will Never Say: "According to estimates from a 2007 study done by USA Today, the projected debt for our country could reach $59 trillion dollars because of the unfunded mandates from entitlement programs. And if you think that's scary, Richard Fisher, President and CEO of none other than the Federal Reserve Bank of Dallas, puts the figure in a speech given May 28th 2008 at $99.2 trillion! Medicare parts A & B account for 69% of the debt, Part D for prescription drugs (thanks George W. Bush) accounts for 17%, while Social Security accounts for just 14%. As foreboding as those estimates are for our future, it appears that recent events will preclude any substantive efforts at tackling this looming catastrophe."

And John McCain claimed he was going to balance the budget before the end of his first term. No wonder he got bad press out of that one.