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
Economic Tweets of the Day
From CBS News' Mark Knoller:
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1 comment:
No, it's due to out-of-control spending.
We know that.
They deny that.
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