Thread: The Obama meter....national debt clock.

U.S. National Debt Clock

at 5:25 pm est. 5-30-09

In September 2008, the digital dollar sign was eliminated to make way for an extra digit—the "1" in $10 trillion (the national debt is currently $10.2 trillion). Now, a new clock is in the works that will make room for a quadrillion [COLOR=#005497! important][COLOR=#005497! important]dollars[/color][/color] of debt, according to the Associated Press. Anticipated completion is early 2009.

On Friday, the Congressional Budget Office (CBO) said this year’s budget deficit is now nearly $1.7 trillion, more than $400 billion larger than it forecast two months ago. Next year’s deficit will be nearly $1.1 trillion, $430 billion more than its prior forecast. And that doesn’t count President Obama’s budget plans to cut taxes and increase spending.


Mr. Obama would overhaul health care, begin to arrest global warming, expand the federal role in education and shift more costs to some corporations and the wealthiest taxpayers.

Without trimming his ambitious campaign promises, the president projects a budget for the 2010 fiscal year of nearly $3.6 trillion. He said he would shrink annual deficits, now at levels not seen in six decades, mostly through higher revenue from rich individuals and polluting industries, by reducing war costs and by assuming a rate of economic growth by 2010 that private forecasters and even some

by the way they have figured out a way to get more money out of us... a 25 percent national sales tax.. on top of our federal taxes and our state sales tax... Obama said he wouldn't raise income tax.. and he kept his word.. so far... but now we are looking at a new tax .. convenient isnt it

Has he considered slashing govt? This guy would get a compliment from N. Lenin.