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Showing posts with label obama pres / spending. Show all posts
Showing posts with label obama pres / spending. Show all posts

Thursday, October 21, 2010

National Debt Up $3 Trillion on Obama's Watch

From:  CBS News

National Debt Up $3 Trillion on Obama's Watch

http://www.cbsnews.com/8301-503544_162-20019931-503544.html



New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.


The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.

The Debt increased $4.9 trillion during President Bush's two terms. The Administration has projected the National Debt will soar in Mr. Obama's fourth year in office to nearly $16.5-trillion in 2012. That's more than 100 percent of the value of the nation's economy and $5.9-trillion above what it was his first day on the job. . . . .

Thursday, September 16, 2010

Obama goes on incredible $192 million splurge-fest

From: World Net Daily

Obama goes on incredible $192 million splurge-fest: Americans urged to send in actual photos of stimulus signs
http://www.wnd.com/?pageId=203989


House Republicans are collecting photos from citizens showing how the Obama administration is using nearly $200 million in taxpayer money to plaster every possible highway with signs touting how stimulus cash is "Putting America to Work" with infrastructure projects.

Rep. Darrell Issa, the ranking Republican member on the House Committee on Oversight and Government Reform, published a new video today inviting citizen watchdogs to send in photos of the green "Projects Funded by the American Recovery and Reinvestment Act" popping up around the country. . . . .

Monday, September 6, 2010

Obama to Call for Major Infrastructure Spending

From: Fox News

Obama to Call for Major Infrastructure Spending
http://www.foxnews.com/politics/2010/09/06/obama-major-infrastructure-spending/


Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion.

The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee. . . . .