So rapid is the pace of deficit spending by the federal government, that the National Debt has increased over a trillion dollars since President Obama took office. On Inauguration Day, the Debt stood at $10.626 trillion. The latest posting from the Treasury Department shows that as of July 31st, the debt hit $11.669 trillion. During the last administration, it took over 2
POULAR POSTS:
- Federal Spending Tops $3 Trillion
- Geithner asks Congress for higher U.S. debt limit
- Obama Actually Claims He’s REDUCED Federal Spending!
- Treasury Dept Spending $ on ‘Humor in the Workplace’ Seminars!
- Federal Budget Deficit Tops $1 Trillion for the First Time
- Treasury Nixes Plan to Hire Cartoonist
- 5 TRILLION – 36,000 FOR EVERY TAXPAYER
- Two Senior Democrats Urge Treasury to Make TARP More Transparent
