State of the Union (1/27/10)

[Schneed10]

Originally Posted by saden1

Since Schneed10 is a budget expert I would love to hear him address your "didn't he quadruple national debt" question.

Yeah I'm not sure where that came from, the US is $12 trillion in debt. Remember, debt is a snapshot of what we owe as of this moment. The deficit is the amount we are going into further debt on a yearly basis.

So far in his presidency, Obama has added $1 trillion to the deficit. Meaning because of his actions, if nothing else is done, we will owe one trillion more at this time next year than we otherwise would have.

If he gets other things accomplished, he can improve that number.