February 24, 2009

If there were no other debt since September 30, 2008

There would be a little over 10 trillion dollars in Public Debt for the U.S. and as they say now, our grand children will be paying for that The budget deficit last year was $455,000,000,000.(page 7 of this GAO report) From Federal fiscal year 2000 to 2008, the public debt has nearly doubled.

Did a cat have the Republican's tongues the past eight years? Will our grand children notice the increase from the Obama administration?