Krauthammer: Obama Already has U.S. more than Halfway to Collapse of Dollar and the Economy – Video 12/4/12
Here is video of Charles Krauthammer on with Bill O’Reilly last night where he explained, along with O’Reilly, that the point at which the U.S. currency will implode, and the economy with it, is between a debt-to-GDP ratio of 90%-100%. When Obama took office, the ratio was 44%. It now stands at around 73%. Obama shows no signs of wanting to cut spending in any way. “It won’t happen overnight,” Krauthammer said, but the U.S. is well on the way under Obama to that disastrous event.