President's Budget Advisor Warns of Dangers of Huge Debts

Believe it or not. I'm not kidding. Here is the link so you can go and read for yourself.

It's shocking!!

From the article:

Orszag warned that huge deficits could cause the market to lose confidence in a government's creditworthiness.

Is he serious?

More:

President Barack Obama's top budget adviser, Peter Orszag, said on Tuesday that the U.S. government must significantly alter its policies in order to tackle a growing mountain of debt.

We've already heard how the federal government plans to "alter it's policies in order to tackle a growing mountain of debt" haven't we? That's right - raise taxes.

I guess we'll see how well that works out for everyone.