Debt Check: National Debt posted today by US Treasury shows increase of $5-trillion since Pres Obama took office.Uh...no. That trillion dollar stimulus mean anything? The trillion dollar annual deficits mean anything? Nice try.
National Debt was $10.626-trillion on day Pres Obama took office. Today's posting shows debt at $15.656-trillion.
WH says “a huge portion of the debt” is attributable to massive tax cuts, two wars & Medicare Rx benefit of previous Administration.
WH spksmn Jay Carney says Pres Obama has put forward "a balanced approach" to deal with deficits and long-term debt.
Pres Obama’s budget for 2013 projects federal deficits will total $6.6-trillion over the next ten years.
Wednesday, April 18, 2012
From CBS News' Mark Knoller:
Posted by Rick Moore on 4/18/2012