There is a debt explosion under the current government



-->

It was just 1 month ago that I posted that the democrats were trying to run up the debt ceiling again.  After 8 years of criticizing Bush over out of control spending, Obama and the democrats congress ran up $1.5 Trillion of deficit spending in a single year.

In December, the debt clock ran over $12 trillion total. This is already beyond repayment unless the country goes into hyperinflation.

The democrats are now trying to raise the ceiling just a few months later by nearly $2 trillion more.

Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.

While previous politicians have contributed to this debt, it is the current one that appears to be determined to spend without any restraints whatsoever.

November can’t come soon enough, literally!

Share and Enjoy:
  • Digg
  • del.icio.us
  • Netvouz
  • description
  • ThisNext
  • MisterWong
  • Wists
  • BlogMemes
  • Blogosphere News
  • Facebook
  • Google
  • Scoopeo
  • Slashdot
  • Socialogs
  • Symbaloo
  • TailRank
  • Tipd
  • Tumblr
  • YahooMyWeb
  • Yigg
Social Bookmarking

No Comments

Leave a reply