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POPSObama’s Tripling of the National Debt in Pictures In 2009, Washington will spend $30,958 per household "the highest level in American history" and under President Obama’s budget, the figure will rise above $33,000 by 2019. The public national debt" $5.8 trillion as of 2008" is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined. To put that $1 trillion dollars into perspective, have a look at what it looks like! http://izismile.com/2009/03/10/can_you_imagine_one_trillion_dollars_6_pics.html
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POPS The Stimulus Spending That Didn't Stimulate Barack Obama has fatally undermined our currency, our solvency, our financial stability and -- ultimately -- our economy, all to spend money that has had no economic effect! But the results are in: None of Obama's spending is doing anything to help the economy. Of course, the process of household savings, designed to pay down debt, is very healthy. Economists call it de-leveraging. By the start of the recession, the debt American households owe had risen from 70 percent of their annual income in 1995 to 140 percent (excluding mortgages). Now it's on its way back down again. And, eventually, that will lead to a real recovery -- if Obama doesn't wreck the currency and bring on mega-inflation before then (but he probably will).
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