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Tuesday, July 12, 2011

Do we have a revenue or spending problem?


When President Obama became the president in 2009 the US Debt was $10 trillion. In 2.5 years he increased it by $4 trillion to $14 trillion. Now we hear talks of the President's aggressive plan to reduce the debt by $4 Trillion over the next 10 years. How is that aggressive considering that in 2.5 years he added $4 trillion to the debt?