|
Find out more about Dan: Dan Spencer has been blogging at, and as, California Yankee since 2003. He lives in Connecticut and practices law in New York. Here he will discuss the politics of the Right. |
MSNBC reports that the budget deficit has jumped from $162 billion last year to $455 billion in the fiscal year that ended in September.
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 less than two years Pelosi and the Democrats have been in charge the national debt has grown to $10,331,139,000,845.92 -- $10.33 trillion.
Since Pelosi and the Democrats have regained control of Congress $1,660,542,757,872.88 or $1.66 trillion has been added to the national debt. That is a 19% increase in under two years.
Just imagine what will happen to the national debt if Obama, the most liberal member of the Senate, is elected president and the Congress is still controlled by the Democrats.
The Wall Street Journal warns that if that happens "Liberals would dominate the entire government in a way they haven't since 1965, or 1933," the Liberal/Progressive Democrats words, would restore the activist government that fell out of public favor in the 1970s.
If Obama could enact all of his campaign proposals, taxpayers would be faced with financing another $1.297 trillion in new spending over one presidential term.
6 comments
RSS
Email
Print
