ObamaSpendoNomicsSunday, October 18, 2009
Record-setting madness for September.
What is $1.42 trillion? It’s more than the total national debt for the first 200 years of the Republic, more than the entire, almost as much as Canada’s, and more than $4,700 for every man, woman and child in the United States.
It’s thefor 2009, more than three times the most red ink ever amassed in a single year.
And, some economists warn, unless the government makes hard decisions to cut spending or raise taxes, it could be the seeds of another economic crisis.
…The Congressional Budget Office projects that the nation’s debt held by investors both at home and abroad will increase by $9.1 trillion over the next decade, pushing the total to $17.1 trillion decade under Obama’s spending plans.