Tuesday, February 15, 2011
President Obama Unleashes His Budget...$15 trillion in debt
Amid the increase spending is a 10% increase in IRS spending for over 5000 new IRS agents, a 15 cent tax hike on gas and a reversal of parts of the bill the president signed recently, continuing the "Bush Tax cuts."
At the present time the government is borrowing about 42 cents of every dollar it is spending. President Obama, you are the president STOP spending money we don't have!!! Mr. President do you understand what spending money you don't have is doing to this country? At the current record debt level for each interest point increase, the government will have to pay an EXTRA $140 billion...... per year.