1/2 trillion and counting...
Well, I can't say it's time for me to give an update on the national debt because I never specified how frequently I would give one exactly. But I was just thinking about it so here it is:
$11,051,312,364,183.90 [source]
So far since President Obama's inauguration the national debt has gone up nearly 1/2 of a trillion dollars.
I can't hold this administration directly accountable of this, granted. They have inherited a significant amount of legislation, and spending momentum that cannot be quickly reversed, however I am just concerned that I haven't heard much about fiscal responsibility since the campaign.
In the speeches I have heard recently I am hearing 3 themes, "invest" in healthcare reform, better education, and energy. Spending, spending and more spending.
And I quote:
"We've also made the largest investment in basic research funding in American history, an investment that will spur not only new discoveries in energy, but breakthroughs in medicine, in science and technology"
Is now really the time to be spending our taxpayer money in new and interesting ways?
I'll leave you with one final quote:
"This time -- this time, CEOs won't be able to use taxpayer money to pad their paychecks, or buy fancy drapes, or disappear on a private jet. Those days are over."
The president makes $400,000/year, the white house has very, very nice drapes, and last I checked he is zooming around to all these speeches in a posh 747 which costs tens of thousands of dollars per hour to operate.
By the way, he will make $150,000/year in today's money after he leaves the presidency, for life. ...And I'm sure that's something we can all relate to.


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