Can you afford the agenda of this President and his runaway Republican House and Senate?
I can't and neither can my children. They are accomplishing NOTHING on all fronts of this once great and dynamic nation while passing spending bill after spending bill in order to say they have an economy. The economy that exists today is BORROWED from the futures of our children.
When George W. Bush became president in 2001, the United States’ public debt was 5.8 trillion dollars.
Today the public debt stands at 8.3 trillion dollars.
Of this over amount, $2.2 trillion dollars is held by foreigners.
United States has a GDP of 12.4 trillion dollars.
This gives U.S. a Debt/GDP ratio of 66%, placing it in 35th place (out of 113) on the ranking of the Debtor Nations.
The current account deficit of over 7 per cent has long passed its danger levels of 4-5 per cent.
In 2005 the U.S. government paid $325 billion dollars in interest payments.
