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1 TRILLION DOLLAR Budget Deficit- Category:Christian_Conservative_News 1 TRILLION DOLLAR Budget Deficit
We know the Obama administration’s plan was to spend our way out of the recession with money we did not yet have. The question is…just how much of that non-existent money has been squandered so far this year? The answer might amaze you. Figures just released by the Treasury Department indicate the federal government has built up a one trillion dollar budget deficit so far this fiscal year…with another three months to go.
The stunning debt totals could have been even higher if moderate Democrats and Republicans had not blocked the creation of certain federal jobs, long-term unemployment extensions, and funds to cash-strapped states. Obama’s big spending ways were strongly rebuked at a meeting of the G-20 in Canada, where world leaders instead expressed an interest in cutting government deficits, worldwide.
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We know the Obama administration’s plan was to spend our way out of the recession with money we did not yet have. The question is…just how much of that non-existent money has been squandered so far this year? The answer might amaze you. Figures just released by the Treasury Department indicate the federal government has built up a one trillion dollar budget deficit so far this fiscal year…with another three months to go. 
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