Oceans of Red Ink

The truly shocking fiscal picture that I predicted would emerge roughly in June of this year is starting to take shape and it is as ugly as I anticipated. And it ain't over yet. It's gonna get worse.

On the very day that the news is reporting Dear Leader as chiding Spain over its budget deficits. Two thoughts: 1) what the hell is wrong with this guy? 2) Spain cut government employee salaries 5% today, will Obama do the same???