We shall leave this world as foolish and as wicked as we found it when we arrived.

- Voltaire

Is This Really Change?

When we go from irresponsible spending habits under the Bush administration to complete fiscal negligence under the Obama administration, is that the kind of change his supporters expected and demand?

The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink. [Read]

A national debt of $12,100,000,000,000 is not enough, so instead of becoming responsible Washington is doing what it does best, pushing the problem onto future generations.

posted at 11:26:55 on 09/08/09 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt