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Image Credit: AP
The national debt has surpassed $11 trillion.
When the Democrats regained control of Congress and made Nancy Pelosi the first female speaker of the House of Representatives on January 4, 2007, the national debt was $8,670,596,242,973.04 -- that's $8.67 trillion.
In the 14 months that Pelosi and the Democrats have been in charge of the purse strings the national debt has grown by 26.9 percent.
As if the record setting national debt was not bad enough, Politico reports the projected budget deficit will be higher than previously estimated by the White House. That is scary because President Obama's national debt busting budget outline projects a $1.75 trillion deficit.
Remember, Obama predicts "trillion-dollar deficits for years to come."
For more info: Obama budget - more spending than anyone can comprehend ♦ Obama budget creates $634 billion health care fund ♦ Democrats on track to double national debt by 2010 ♦ Obama's Budget: $4 trillion in spending, a $1.75 trillion deficit, and another bank bailout ♦ Read Obama's budget overview here ♦ Democrats on track to double national debt by 2010 ♦ Obama: 'Trillion-dollar deficits for years to come' ♦ National debt soars under Democrat controlled Congress ♦ Obama budgets $1 trillion tax increase
Special Report: Obama's First 100 DaysExclusive examiner.com coverage of the Obama administration's promise to bring about change.
Comments
Glad to have you on board, Dan. I'm in total agreeance with you- the liberals really have messed up this country good-and-proper. I mean, those last eight years in power... what a minute? What you say? The conservatives were in power? Hmmm... that makes no sense, does it? Keep on bashing Obama and the Dems, pal- just make sure there isn't too much sand in your ears. You, and people like you, seem to spend your lives with your heads firmly rooted in the sand.
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