Raising the debt ceiling does not authorize us to spend more. All it does is say that America will pay its bills. And we are not a deadbeat nation. -- Barack Obama, January 14, 2013 According to the historical tables on Barack Obama's website, the sum total of budget deficits from 2001 to 2008 was $2.133 trillion. The estimated total of budget deficits from 2009 to 2012 is $5.332 trillion. The total outlays of the federal government in 2005, 2006, 2007 and 2008 were $2.471 trillion, $2.655 trillion, $2.728 trillion, $2.982 trillion, respectively. The total outlays of the federal government in 2009, 2010, 2011 and 2012 were $3.517 trillion, $3.456 trillion, $3.603 trillion and $3.795 trillion, respectively.
A nation of deadbeats, Mr. President?
A nation of deadbeats, Mr. President?
A nation of deadbeats, Mr. President?
Raising the debt ceiling does not authorize us to spend more. All it does is say that America will pay its bills. And we are not a deadbeat nation. -- Barack Obama, January 14, 2013 According to the historical tables on Barack Obama's website, the sum total of budget deficits from 2001 to 2008 was $2.133 trillion. The estimated total of budget deficits from 2009 to 2012 is $5.332 trillion. The total outlays of the federal government in 2005, 2006, 2007 and 2008 were $2.471 trillion, $2.655 trillion, $2.728 trillion, $2.982 trillion, respectively. The total outlays of the federal government in 2009, 2010, 2011 and 2012 were $3.517 trillion, $3.456 trillion, $3.603 trillion and $3.795 trillion, respectively.