Senator says United States is on the brink of a Depression!
HARRISBURG, Pennsylvania - March 9, 2009 - The nation is on the "brink of a Depression," but there's a "reasonable chance" that the $787 billion economic stimulus package will help ease the situation, Senator Arlen Specter said Monday.
Specter (R-Penn.) said the nation's economic situation is more dire than the public has been told, but did not elaborate.
"Our economic problems are enormously serious - more serious than is publicly disclosed; and I think we're on the brink of a Depression," he told reporters at the state Capitol.