Official National Debt Balance According to the Treasury Department, the current Total National Debt is $11.1 Trillion. As of 04/03/2009, Treasury breaks down the debt as follows: Debt Held by the Public: $6.868 Trillion Intragovernmental Holdings: $4.278 Trillion The...
“Read my lips: no new taxes.” George H.W. Bush “If your family earns less than $250,000 a year, you will not see your taxes increased a single dime.” Barack Obama George Bush’s infamous campaign promise probably haunts him to this day....
Final Details of Obama’s 2009 Stimulus Bill The 1,071-page American Recovery and Reinvestment Act cleared the House Friday 246-183, without any Republican support, and received final passage in the Senate later that night on a 61-37 vote with three Republicans...
Update: See Final Details of Obama’s 2009 Stimulus Bill, as enacted on February 17, 2009. The exact details of the Obama 2009 Stimulus Package are still being hashed out. On this page and in the comments below, I am attempting to collect details of what’s...
Even prior to the financial crisis, it was not unusual for politicians and pundits to assert that government spending is out of control. That government just keeps growing and growing and growing. Did you ever wonder if it was true? Last year the U.S. GDP was $13.8...
