10-02-2008, 08:26 PM
Wow, this thread is still going? :eek:
Sorry to duck out...my mother-in-law is coming to visit, so we've been busy. :D I see that most of my position has been quite well explained...Thanks guys!!
Originally Posted by Policon
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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