Deficit
Obama’s failed stimulus program cost more than the Iraq war (Budget Deficit Analysis)
Expect to hear a lot about how much the Iraq war cost in the days ahead from Democrats worried about voter wrath against their unprecedented spending excesses.
The meme is simple: The economy is in a shambles because of Bush’s economic policies and his war in Iraq. As American Thinker’s Randall Hoven points out, that’s the […]
Federal Government Borrowed approximately $4.9 Billion Each and Every Day Since Obama Became President
Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009 […]
The Obama Debt Tracker - Total combined national debt officially reaches $13 trillion milestone
Today, the United States Department of the Treasury confirms that the total combined United States national debt has just reached and exceeded a new milestone of $13 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009 […]
Greek Debt Woes Ripple Outward, From Asia to America
The fear that began in Athens, raced through Europe, and finally shook the stock market in the United States is now affecting the broader global economy, from the ability of Asian corporations to raise money to the outlook for money-market funds where American savers park their cash.
What was once a local worry about the debt […]
CBO report: Debt will rise to 90% of GDP
President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.
In its 2011 budget, which the White House […]
CBO projects $1.5 trillion deficit for 2010 in Obama budget (Quadruple George Bush deficit)
The federal deficit would hit $1.5 trillion in 2010 under President Barack Obama’s proposals, the Congressional Budget Office (CBO) projected Friday.Quadruple
The nonpartisan budget office said it projected a deficit measuring 10.3 percent of gross domestic product (GDP) this year, and a $1.3 trillion deficit in 2011 that would measure 8.9 percent of next year’s GDP.
(Excerpt) […]
You thought Bush was bad? Think again as Obama Unveiled Future-Generation Crushing Budget
The ink is barely dry on Barack Obama’s new budget and the Republican response is already out.The GOP’s argument: Obama just saddled this and future generations with insane amounts of debt as far as they eye can see.
Bear in mind, this is partisan stuff, and many would argue that the argument is overstated, that the […]
CBO:U.S. already $292 billionn deficit this fiscal year (Just for October and November 2009)
WASHINGTON, Dec 4 (Reuters) - The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday.
In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said.
[…]