Tuesday, January 26, 2010

Could Obama be our first $5 trillion Deficit President?

Last year's Federal Government deficit was $1.4 trillion, now the CBO is telling us this year's deficit could be $1.3 trillion. Lets just say the deficits average $1.25 Trillion for 4 years, that $5 Trillion total. The Census Bureau tell us there are about 120 million households in the US.

That means Barack and Nancy and Harry are going to increase the debt of every US Household by more than $41,000 in four short years.