According to the White House, the US deficit will grow to 1.47 trillion dollars this year. While the number is lower than previous estimates, it’s still at a record high. It means that the US is borrowing 41 cents of every dollar it spends
Sen. Min. Leader McConnellon CNN’s State of the Union with Candy Crowley: Obama’s spending, debt too big to allow unemployment benefits Visit: firedoglake.com
Huge deficits and skyrocketing debt levels are creating considerable worry. This Center for Freedom and Prosperity Foundation video explains that that government borrowing is excessive - and will get worse in coming decades. But this mini-documentary explains that deficits and debt are merely the symptoms, and a rising burden of government spending is the real [...]
JTF’s David Ben Moshe discusses the US Economic Crisis: The Multi-Trillion Dollar Debt that Can Never Be Repaid… Hussein Obama’s multi-Trillion dollar spending spree putting us into astronomically massive debt which cannot ever be repaid… The pumping of Trillions of borrowed paper dollars into the US economy - money we do not have and which [...]
Buy the DVD: www.shoppbs.org www.pbs.org With a national debt of more than trillion, can America afford more government spending? Watch online and on air beginning Tues, March 24 at 9 pm on PBS (check local listings). All of the federal government’s efforts to stem the tide in the financial meltdown that began with the [...]
