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Before Obama was even elected president, the debt was already growing at a rate of about 1½ trillion a year.
I'd like to spend more time slapping you around as usual, but today is a holiday and I'm taking the rest of the day off. Have to prepare for family and friends who will be arriving shortly for BBQ and boating on the lake.
Have a great 4th everyone!
Debt is cumulative and comes from the deficits, The only item in the budget which is part of that debt is debt service which went down in 2010 vs. 2008 due to lower interest rates because of the declining economy. Obama budgets are record budgets have have added record debt, no President in U.S. history has ever added 4 trillion to the debt in 3 years. That is the record that will be on the ballot in 2012