THE HUNTER REPORT
thehunterreport.com
WHY YOU SHOULD BE CONCERNED ABOUT THE US DEBT?
The US government is about to surpass $14 Trillion so, why should you be concerned about the national debt?
Congress will have to lift the debt limit cap or dramatically CUT Spending to stay within current cap limits.
Already, both sides are finger pointing at the other.
Here's some interesting information (Source AP Wire):
The Government has gone over-budget in 44 of the last 50 years.
The national debt is the accumulation of years of deficit spending going back to the days of George Washington. The debt usually advances in times of war and retreats in peace.
Remarkably, nearly half of today's national debt was run up in just the past six years. It soared from $7.6 trillion in January 2005 as President George W. Bush began his second term to $10.6 trillion the day Obama was inaugurated and to $14.02 trillion now. The period has seen two major wars and the deepest economic downturn since the 1930s.
With a $1.7 trillion deficit in budget year 2010 alone, and the government on track to spend $1.3 trillion more this year than it takes in, annual budget deficits are adding roughly $4 billion a day to the national debt. Put another way, the government is borrowing 41 cents for every dollar it spends."
01-23-2011