Today, several news organizations indicated that in the early hours of the morning, the national debt tops $13 trillion for the first time in history. This news comes as Congress gets set to vote this week on an additional $130 billion of spending to add to the 2010 Obama budget deficit of over $1.4 trillion. The...
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National Debt Tops $13 Trillion
Obama Delivers Largest October Deficit On Record
As our government debates adding trillions of dollars in spending through the health care reform bill, we are reminded the sad shape of our government’s finances. President Obama has delivered a record monthly budget deficit in his first fiscal year as president. It was reported this week that Obama has delivered the largest October budget...
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National Debt Set to Double
The Office of Budget Management projected that the 2009 budget deficit would be $262 billion less than originally expected at only $1.58 trillion. However, the estimate for the 10 year deficit rose to $9 trillion. Today it was reported that the Obama administration blames the 10 year deficit on the current crisis and the...
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