Author Topic: Recent history of Debt, Deficit and Spending 1977 - 2012  (Read 1319 times)

Offline gBob

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Recent history of Debt, Deficit and Spending 1977 - 2012
« on: October 24, 2012, 04:46:05 AM »
The following chart is based on figures prepared by the United States Treasury Department as part of the official and permanent financial record.

You will note we started our downward spiral into the abyss in 2007 with George W Bush as President and a Deocratic Congres .

the $ 1 Trillion Dollar Deficits have continued each year since that time, and Obama's proposed budget for 2013 would continue $ 1 Trillion plus Deficit spending through future years ...

Our National Debt as of October 24, 2012 is $16.196 TRILLION Dollars and the proposed Obama budget would add another $9.8 TRILLION Dollars over the next 10 years for a total of just about $26 TRILLION Dollars .

Who is going to pay for that ? and how in the world are they going to pay for that ?



 

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