Confirmed: Obama's America to collapse under the weight of its debt

Here at Obama Watch News, we've been warning for months that America is going to cave in under the trillions in debt caused by Barack Obama's reckless spending spree. Now, with Greece facing its own ominous debt crisis that threatens to destabilize the entire country, the media is starting to wake up.

The Associated Press has a fascinating article out that confirms everything we've been telling you.

"It’s bad enough that Greece’s debt problems have rattled global financial markets. In the world’s largest economic and military power, there’s a far more serious debt dilemma.

For the U.S., the crushing weight of its debt threatens to overwhelm everything the federal government does, even in the short-term, best-case financial scenario _ a full recovery and a return to prerecession employment levels.

The government already has made so many promises to so many expanding “mandatory” programs. Just keeping these commitments, without major changes in taxing and spending, will lead to deficits that cannot be sustained."

Even the liberal media is starting to see the truth. How bad is it? Currently Obama's government owes more money than actually exists in terms of paper dollars. In other words, it's physically impossible for the United States of America -- the most powerful nation on earth -- to pay off its own debt.

Barack Obama came into office blaming George W. Bush for his debt problems. He then went on a spending spree, increasing funding to every worthless social program imaginable and creating plenty of new ones. His most recent budget spends more than $3 trillion in taxpayer money that doesn't exist. Congress had to raise the debt ceiling from $12.4 trillion to $14.3 trillion just to pass it. And America's most important entitlement, Social Security, is in massive debt and scheduled to go bust in 2037, twenty years earlier than was initially predicted. A nation built on a bubble of debt will eventually see it pop. It's time to start asking the question: Can America survive Barack Obama?