The nation’s debt skyrocketed up by $166 billion in a single day last week (June 30), the third-largest increase in U.S. history AND bigger than the entire annual deficit for fiscal year 2007. On Wednesday, the CBO said the government has recorded a $1 trillion deficit for the first nine months of fiscal 2010 (begins Oct. 1) and that the deficit for this year would surge to a record-breaking $1.56 trillion. The total and utter lack of responsibility by Democrats for wanting to continue their spending spree and not passing a budget this year is inexcusable. Hooray for CHANGE!
3 Responses to “Out of Control Spending!”
- Protest erupts after all-white jury acquits ex-Houston cop over teen's beating...
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[...] new assessment of Obama’s budget released Friday says the White House underestimates future budget deficits by more than $2 trillion [...]
[...] has already begun. Obama has proposed a plan that will add another $1.1 trillion more to the national debt. He says his plan will reduce the deficits by $1.1 trillion over the next decade. But then [...]
[...] has already begun. Obama has proposed a plan that will add another $1.1 trillion more to the national debt. He says his plan will reduce the deficits by $1.1 trillion over the next decade. But then [...]