Congressional Republicans on Sunday predicted a doomsday scenario of crushing debt and eventual federal bankruptcy if President Barack Obama's massive spending blueprint wins passage.
But a White House adviser dismissed the negative assessments, saying she is "incredibly confident" that the president's policies will "do the job" for the economy.
In a TV interview, Obama himself laughed when discussing the dire state of parts of the economy — and ascribed his laughter to "gallows humor."
White House Council of Economic Advisers chairwoman Christina Romer insisted that the nation's flailing economy will be rebounding by 2010.
Regardless doomsday is still 01/01/2011. Why do you ask? Its the day the very first Baby Boomer turns 65 and can apply for full Social Security and Medicare. If we don't go bankrupt in 2010 it is still speeding down the track like a runaway train. Congress has chosen to ignore and will act surprised when their ponzi scheme goes bust.
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