Looking around for some numbers on the current national debt I cam across something interesting. This graph is from the Treasury website…
*The current Debt Limit was increased from $11.315 trillion to $12.104 trillion effective February 17, 2009. See the FAQs for more information on Debt Subject to Limit.
Notice anything? Well, see that abrupt spike in the Debt Limit around the middle of February? That little surplus was a result of the $787 billion stimulus plan our illustrious President put into place. Now, thanks to Obama, our government can go even more into debt without the congress’ approval. Goodie. Oh, and just in the last month he has increased the national debt by approximately $500 billion. This isn’t me declaring a vendetta on the plans of the President, these are the facts. I ask, what good is a Debt Limit if it keeps getting raised? How is it positive if he raises the debt astronomically, then cuts it back a little bit and says we’re all better for it? We will never pay off the debt we owe, it’s not possible, but that’s no excuse to keep raising it.
