Tuesday, February 15, 2011
National deficit of $14 Trillion in the US and going up.
Sadly, the president has missed a golden opportunity to have an adult conversation with the American people about the seriousness and urgency of our debt crisis. The president’s budget falls far short of tackling our national debt in a serious way. Although we face a $1.6 trillion deficit and a staggering national debt that exceeds $14 trillion, the president’s proposal would add $7.2 trillion of new debt over the next ten years. The fact that the president’s 10-year proposed ‘savings’ is less than this year’s budget deficit alone is proof that this is a budget that cannot be taken seriously
