That’s just what Obama added to this year’s deficit for the so-called stimulus and other programs.
According to North Carolina Republican Senator, Richard Burr, the interest on the Obama deficit for spending in coming years is a whopping $4 trillion over the next 10 years – more than $1 billion in interest payments every day. Again using the second analogy, that represents 126,752 years.
In the following video, Jim Angle reports Senator Burr’s $4 trillion figure is conservative. Obama’s budget overview estimates that even if the Democrat-controlled Congress provide all of the tax increases Obama wants, the Obama deficit will cost $4.5 trillion over 10 years – equivalent to 142,596 years.
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