Obama Administration Admits Plans to Double the National Debt

[carpro]

http://www.cnsnews.com/news/article/52916

Since the beginning of the republic in the late 18th century, the U.S. government has accumulated a total of $11.67 trillion in debt. In the next decade, under the budget plans the Obama administration has in mind, that debt will almost double to about $20.67 trillion.

The administration is planning to run an average annual deficit of about $900 billion—or almost a trillion dollars—for each of the next ten years.
Until this year, according to historical budget tables published by the White House Office of Management and Budget, the largest annual budget deficit the U.S. government ever ran was in fiscal 2008, when the deficit was $458.5 billion.

The average deficits the Obama administration is now planning to run in each of the next ten years will now amost double that.

 

[donnA]

can't believe there are people who see nothing wrong with this. but he did warn us before the election of what he was going to do. but he is the 'one' and can do no wrong as we've been told on here.

 

[carpro]

I'm waiting for the liberals here that berated Bush for his spending to respond.


Should be interesting , if any of them have the nerve.

 

[donnA]

Spending bad when republicans do it, spending good when out of control dems do it, and this is spending to excess, he planed and bragged on spending to excess saying our debt was going to double before the election, and yet the same people who complained about spending in the past voted for this.
the exact picture of as hypocrite.