The Hill News

It took forty-one Presidents and 216 years for the United States to accumulate our first $3.7 trillion in national debt. It took President Obama less than two and a half years to accumulate the same amount of debt. Even more astounding is that under the President’s 2012 budget proposal, the federal debt would increase from approximately $10 trillion on the day he was inaugurated to $20 trillion by the end of his potential second term. These debt numbers are staggering, which is why the debt ceiling debate currently going on is so important.

Read more...