Since Obama took office things have got incredibly worse: A comparison of October 25, 2008 and October 25, 2012 makes it very clear. US Public Debt Subject to Limit rose from $9,000,000,000,000 to $16,030,671,412,941, a 78% increase. Obama's administration is causing this to balloon through huge deficit spending. US National Debt rose from $10,433,366,689,774 to $16,205,467,176,477, a 55% increase . US Federal Spending rose from $2,936,982,146,347 to $3,551,242,146,184, a 21% increase . US Federal Budget Deficit rose from $405,010,552,617 to $1,127,473,808,670, a 178% increase over revenue. US Federal Tax Revenue dropped from $2,531,971,593,314 to $2,423,768,372,454, a 4% reduction . US Debt Held by Foreign Countries rose from $3,438,115,400,099 to $5,585,703,211,717, a 62% increase . US Total ...
Blog debating the principles of the United States Constitution and the path back to the free market.