June 3, 2010

DAILY DEBT GROWTH:

Here’s a fun fact: Since the beginning of the 2000′s, the national debt has increased by $7,274,735,146,661.64, more in a period of ten years than in the previous 211 year history of the Republic.

Obama’s share of that? So far, $2,423,949,411,973.89 in 499 days. Or over $4.8 billion in debt growth per day.

Under President Bush? Debt growth was at over $1.6 billion per day. Now, that $1.6 billion isn’t a good number, but it’s better than the $4.8 billion per day under Obama.

Now ask yourself this: Does the government have a revenue problem, meaning that we’re not taxed enough? Or does the government have a spending problem?

Indeed.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.