Another day older and deeper in debt
A timeline of debt -- from
CNS News:
It�s Official: Obama Has Now Borrowed $3 Trillion
It's official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.
It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.
The highlighted links point to the Department of Treasury website with the numbers.
Ironic that it was young people who swept Obama into office and it is they who are saddled with the majority of this debt. Youth is wasted on the young...
The title comes from the classic Tennessee Ernie Ford song:
Sixteen Tons
Posted by DaveH at October 18, 2010 9:55 PM