...like it wasn't over 10 trillion dollars when Obama got into office?
I here so many people saying how they have to explain to their children that Obama is ruining their future, like somehow there was a small, manageable federal debt, and now with Obama's spend-o-rama they are hopeless. Turns out $10,000,000,000,000 is a big debt.
"Yes, however the problem comes with the rate at which they are spending money.
Since the inauguration, Obama has spent $1.26 trillion dollars in two months. There was $747 billion for the stimulus, $410 bill for the budget and $65 for the mortgage industry.
Comparing that to Bush, Obama has spent almost 30% of what Bush spent in his entire eight years in 2% of the time. Problem? I think so."
See: http://answers.yahoo.com/question/index;_ylt=AnAKc4HeiAwPn.dHdomyPxHsy6IX;_ylv=3?qid =20090319173535AAi1yQ5
Bush total spending =
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