#1 This cartoon is nearly 50 years old...
05-26-2009, 12:49 AM
- Join Date
- Nov 2008
- Florida. The Cuban Part.
But damn, it's prophetic as hale.
In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.
Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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