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Title: Debt Jumped $54.1 Billion in 8 Days Preceding Obama-Boehner Deal to Cut $38.5 Billion for Rest of Year
Source:
CNSNews
URL Source: http://www.cnsnews.com/news/article ... ed-54-billion-8-days-preceding
Published: Apr 9, 2011
Author: Terence P. Jeffrey
Post Date: 2011-04-09 12:37:53 by Hondo68
Keywords: None
Views: 6048
Comments: 8
House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) at the White House on Wednesday, April 6, 2011. (AP photo/Charles Dharapak) (CNSNews.com) - The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September. The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7. Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increase by $653.4 billion.
Poster Comment: Looks like the debt is rising faster, than the tiny budget cuts are lowering it. If this continues a real government shutdown is inevitable.
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Begin Trace Mode for Comment # 4.
#1. To: hondo68 (#0)
It's going to be hard to save any money when we spend $1 trillion a year on the military policing the world.
nothing a few more tax cuts can't fix. ;-)
The borrow and bomb technique has long been popular with both corrupt parties. We're going to have to cut military spending, and lots of other stuff to survive as a nation.
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#2. To: Skip Intro, hond68 (#1)
It's going to be hard to save any money when we spend $1 trillion a year on the military policing the world.
#4. To: go65, Skip Intro, *The Two Parties ARE the Same* (#2)
nothing a few more tax cuts can't fix. ;-)
Replies to Comment # 4.
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