Inflation and financial and economic destruction

From Cbsnews.com

Last week, the Congressional Budget Office released projections for Mr. Obama's budget that would create a $1.8 trillion deficit for this year and $9.3 trillion deficits over 10 years – a figure that many economists think is unsustainable. Mr. Obama's estimates for the current year's budget gap are in line with the CBO, but his 10-year projection is much rosier – about $2.3 trillion less than congressional auditors foresee.

"I believe we've reached the tipping point and if we tip over, it's a point of no return. We're looking at inflation and financial and economic destruction," Shelby said.

He also told The Early Show that he would not work with the president on a compromise budget.

"I don't think we should compromise destruction of our economic system. And this is where we're going here. We should work with the president when we think the president is right. But I believe he is totally going down the wrong road here."