Obama Debt Solutions are ‘Generational Theft’ Says Home Depot’s Ken Langone

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February 19, 2013 9:30 am est

The nation’s debt as a percentage of the economy is going to cause a fiscal storm. President Barack Obama’s roadmap to reduce the deficit and invest in the future is “generational theft of an enormous magnitude,” Langone said in a Squawk Box  interview. “The fundamentals haven’t changed … And we don’t know when the storm is going to hit,” he predicted. “It has to happen. If you look at our debt to GDP, eventually you reach a point where there’s no turning back.”

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