National Debt grows by $3 Mill a minute
New national debt data: It's growing about $3 million a minute, even during his vacation
Swallow all liquids in your mouth before reading any further.
Updated numbers for the national debt are just out: It's now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS' amazing number cruncher Mark Knollerreports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
Read more at LATimes
(AP photo)
It's conventional wisdom in Washington to blame the federal government's dire financial outlook on runaway entitlement spending. Unless we rein in Social Security, Medicare and Medicaid, the conventional wisdom goes, the federal government is headed for disaster.That's true in the long run. But what is causing massive deficits now? Is it the same entitlements that threaten the future?
Read More from the Washington Examiner
Federal Stimulus Funds for Nevada's Green-Industry Grows Trees, But Few Jobs
By Pete Griffin
Published August 22, 2011
| FoxNews.com
FNC
The Clark County Urban Forestry Revitalization Project was given $490,000 of stimulus money.
A federal stimulus grant of nearly $500,000 to grow trees and stimulate the economy in Nevada yielded a whopping 1.72 jobs, according to government statistics.
In 2009, the U.S. Forest Service awarded $490,000 of stimulus money to Nevada's Clark County Urban Forestry Revitalization Project, aimed at revitalizing urban neighborhoods in the county with trees, plants, and green-industry training.
The project produced only 1.72 full-time jobs.
According to Recovery.gov, the U.S. government's official website related to Recovery Act spending, the project created 1.72 permanent jobs. In addition, the Nevada state Division of Forestry reported the federal grant generated one full-time temporary job and 11 short-term project-oriented jobs.
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