From Reaganite Republican
Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
U.S. Debt
We have a spending problem...More than anyone wants to admit.
I fear for us all, if this doesn't change fast.
As the chart shows, America’s debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the data refers to closing 2011 numbers.)Tim Geithner should be concerned, but he isn't.
I fear for us all, if this doesn't change fast.
The Ides Of March (Obama sets another record!)
Barack Obama has now spent us into oblivion.
Over the weekend, Steve Eggleston checked the latest numbers from the Treasury Department and credited me for an accurate prediction: that upon the Ides of March, President Obama reached the milestone of raising the debt by $4.93 trillion since taking office.
On that day, the debt’s increase under Obama surpassed the amount it increased during George W. Bush’s two terms in office, $4.89 trillion.We may not survive until November.
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