Thursday, June 3, 2010

U.S. Debt Rockets Upward

The Washington Times reports that federal debt under President Obama has grown by literally billions per day, here is the quote:
At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That's almost three times the daily average of $1.7 billion under the previous administration.
That means debt is growing at a rate of over $16 per day per person - man, woman, and child. Think $6000 per person per year. Do you suppose the average family's personal debt is growing that fast?

The Greeks aren't the only ones living beyond their mean;.so is the U.S. The $1.7 billion per day under Bush was excessive, too. Forget "compassionate conservatives," let's elect a fiscal conservative next time.