RSSFederal Government Spends Two Trillion In One Month
J.J. Jackson | February 4, 2010
On Feb 1st, 2010 the Debt held by the United States was $12.349 trillion. It is set to hit $14.3 trillion by the end of the month. In case that math is hard to follow, that means that the federal government spent two trillion dollars in a single month if the Treasury’s estimates are correct.
How’s that Obama thing and all that hope and change working out for you? Bet you didn’t think that he meant spending that much money in such a short period of time did you?
Two trillion dollars in one month? That’s over half of President Obama’s proposed $3.8 trillion budget for 2010! And in just 28 days. This has got to be some sort of record. Considering that federal revenues are typically in the $2.5 trillion dollar range that means that there is only about $500 billion dollars left before we hit red ink and much of that, if not more, was likely spent in January.
Boy, it sure must be nice to print your own money. Wasn’t it President Obama who just got through telling us how government can’t be so fiscally irresponsible? Yeah, and if you believed he was serious you are a fool.
I should laugh at all this but it is too serious to be funny.
Contributor's website: http://www.libertyreborn.com
Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Leave a Reply
Loading ...Recommended Reading:
