The Congressional Budget Office just reported that in the past two years since
President Barack Obama took office, federal spending is up 21.4
percent.
The national deficit was $1.29 trillion in 2010 (second to the $1.4 trillion in Obama's first year in office, 2009), which means that for every $1 the federal government spent this past year, it borrowed 37 cents of it!
The national deficit was $1.29 trillion in 2010 (second to the $1.4 trillion in Obama's first year in office, 2009), which means that for every $1 the federal government spent this past year, it borrowed 37 cents of it!
