Obama Spends Worse Than A Crackhead!
by James Denison - 10/12/12 5:03 PM
If you also count what's been "borrowed" from Social Security program (the one they complain is going broke!) the deficit is even worse.
Crackhead Financing In Washington DC
"The United States has now spent $1 trillion more than it's taken in for four straight years.
The Treasury Department confirmed Friday what
was widely expected: The deficit for the just-ended 2012 budget year —
the gap between the government's tax revenue and its spending — totaled
$1.1 trillion. Put simply, that's how much the government had to borrow. Barack Obama's presidency has coincided with four straight $1 trillion-plus annual budget deficits — the first in history. Before it escalated, the deficit had been as low as $161 billion in 2007. By 2009, it had peaked at $1.4 trillion. And debt piles up, year after year. It's reached $11.3 trillion — $16.2
trillion if you include money the government has borrowed from itself,
mostly revenue from Social Security.