National Debt

    Romney extends lead among Independents to 14 percent

    By: Dan Spencer (Diary)  |  July 10th at 11:00 AM  | 

    In the new ABC News/Washington Post poll, former Massachusetts Governor Mitt Romney extends his lead among Independents to 14 points, 53-39 percent. Two months ago, a  POLITICO/George Washington University Battleground poll found Romney had a ten-point lead among the critical Independent voters. The mainstream media is touting the poll as showing the race is “dead even” — a 47-47 percent Obama-Romney contest among registered voters. | Read More »

    Tax dollars paying for ‘marketing of livestock semen’

    By: Dan Spencer (Diary)  |  June 14th at 08:00 AM  | 

    You can’t make this stuff up. Your tax dollars are being used to market ”livestock semen.” Senator Tom Coburn (R-Oklahoma) has put together a new study titled “Treasure Map: The Market Access Program’s Bounty of Waste, Loot and Spoils Plundered from Taxpayers.” The report released today found that the federal government has spent more than $2 billion on a program to promote private companies marketing products | Read More »

    National debt increased 60% under Speaker Pelosi

    By: Dan Spencer (Diary)  |  January 3rd at 10:00 AM  | 

    There are lots of reasons I will not miss Nancy Pelosi‘s extreme left wing speakership. There’s Air Pelosi and radical legislation such Cap and Tax and ObamaCare. But the biggest reason to cheer the end of the ultra-Liberal/Progressive Pelosi Speakership is the national debt. In the four years that Pelosi was Speaker the national debt increased an unbelievable 60%. When the Pelosi Democrats took control | Read More »

    Obama deficit spending interest – another $4.5 trillion

    By: Dan Spencer (Diary)  |  March 4th at 12:30 PM  | 

    A hidden cost of President Obama’s big government spending orgy is the interest that will have to be paid on all the money that must be borrowed so Obama can expand the size and role of government. William W. Beach says the Obama deficits in this year’s proposed budget will cost an additional $1.6 trillion on the national debt over 10 years. If we go | Read More »

    Democrats on track to double national debt by 2010

    By: Dan Spencer (Diary)  |  February 27th at 01:30 PM  | 

    The Democrat-controlled Congress, with help from President Obama’s big government vision, is on track to double the national debt in four years. USA Today published an interactive chart that provides annual revenue, spending, deficit and national debt numbers. The most frightening number is the national debt. When the Pelosi/Reid left-wing Democrats took control of Congress, the national debt stood at $9 trillion. Based on Obama’s | Read More »

    Obama the deficit hawk

    By: Dan Spencer (Diary)  |  February 14th at 12:30 PM  | 

    “We are not going to be able to perpetually finance the levels of debt that the federal government is currently carrying.” — President Obama, February 12, 2009 That was yesterday, before the Congressional Democrats and three Senate Republicans gave President Obama his national debt-busting $787 billion bailout boondoggle, which will actually cost $3.27 trillion. Now, with his so-called “stimulus” in hand, Obama will morph into | Read More »

    Obama and the Democrat-controlled Congress are real big spenders

    By: Dan Spencer (Diary)  |  January 16th at 12:15 PM  | 

    In an audacious display of chutzpah, President-elect Obama and the Democrat-controlled Congress advance plans to spend an additional $1.2 trillion — an amount that will double the record breaking $1.2 trillion budget deficit, while Obama tells Washington Post reporters and editors he will convene a “fiscal responsibility summit.” Under Obama’s veto threat, the Senate, by a vote of 52 to 42, released the second $350 | Read More »

    Obama: ‘Trillion-dollar deficits for years to come’

    By: Dan Spencer (Diary)  |  January 6th at 04:17 PM  | 

    President-elect Obama predicts “trillion-dollar deficits for years to come.” “We’re already looking at a trillion-dollar budget deficit or close to a trillion-dollar budget deficit, and that potentially we’ve got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point,” Obama said. The federal deficit was about $455 billion for fiscal year that ended on Sept. 30, | Read More »

    Democrat controlled Congress increased national debt 23%

    By: Dan Spencer (Diary)  |  January 5th at 04:01 AM  | 

    When the Democrats regained control of Congress on January 4, 2007, the national debt was $8,670,596,242,973.04 — that’s $8.67 trillion. In the two years Pelosi and the Democrats have been in charge, the national debt has grown to $10,699,804,864,612.13 — that’s $10.70 trillion. Since Pelosi and the Democrats regained control of Congress $2,029,208,621,639.09, or $2.03 trillion, has been added to the national debt. That is | Read More »