| National Debt tops $15 Tril, Tea Party proposal cuts $9 Tril The Department of the Treasury said on Wednesday that the national deficit has reached 15,000,000,000,000 dollars. And it is still climbing. American history has never seen such a debt — and it all happened in a decade: when George Bush took office in 2001, the deficit stood at $5.7 Trillion, and since Obama has been seated it has risen $4.407 Trillion. According to the Washington Times, “Mr. Obama is averaging a debt increase of more than $1.5 trillion a year during his term in office, compared with an average of $612.4 billion for Mr. Bush and $192.5 billion a year under President Clinton.” Read More |
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