http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/
The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and its headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBOs deficit estimates. We just hit $14 trillion so I guess they were wrong. BTW, I was talking about the Health Care bill he signed into law that spent all this money we don't have. . On Mon, May 16, 2011 at 8:24 PM, Casey Dougall <[email protected]> wrote: > > On Mon, May 16, 2011 at 7:51 PM, Sam <[email protected]> wrote: >> >> Spin it however you want, Obama signed the bill into law that will >> spend $14 trillion more than we'll take in. >> While we haven't spent the money yet we will owe it. It's law. >> > > The President cannot Vito the budget, he can only suggest how we spend > money, it's congress that does all the spending ;-) > > http://www.cbpp.org/cms/?fa=view&id=155 > > The budget resolution is a "concurrent" congressional resolution, not > an ordinary bill, and therefore does not go to the President for his > signature or veto. It also requires only a majority vote to pass, and > its consideration is one of the few actions that cannot be > filibustered in the Senate. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:337915 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
