According to the Treasury Department, the Obama debt is increasing the National Debt beyond $13.6 trillion. The National Dept has increased more than $3 trillion due to the Obama debt added in the last 2 years. According to the national debt clock, the current national debt stands at $13.6 trillion and climbing. Before the Obama debt...
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Obama Debt Increasing National Debt At Record Pace
National Debt Tops $13 Trillion
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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Obama Deficit Will Cause National Debt to Soar
The Obama administration has produced a record budget deficit of over $1.3 trillion for fiscal year 2010. The CBO has re-estimated its 10 year projections to predict that Obama’s budget deficits will push the country almost $10 trillion further in debt by 2020. Putting the federal deficit in terms that Americans can understand, when Obama...
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Obama Increases Deficit and Debt
Incinerating a Hot Potato By Scott Spiegel If deficit spending is the way out of an economic downturn, as leftist economists like Paul Krugman keep telling us, then one way to characterize President Obama’s approach to reviving the ailing economy is “killing it with kindness.” Another is “tough love” – not the kind where...
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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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Bush Deficit Continues to Ballon
If you pay attention to the news, you know that our government is spending and borrowing as if there is no tomorrow. Every weekwe see a new plan that is needed “now” to save us from some catastrophe all the while laying the foundation of a new catastrophe caused by ever increasing debt. You...
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