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U.S. National Debt Now Exceeds $13 Trillion Dollars
Source: US National Debit Clock

YouCut - A PROJECT OF THE ECONOMIC RECOVERY GROUP



YouCut – a first-of-its-kind project - is designed to defeat the permissive culture of runaway spending in Congress. It allows you to vote, both online and on your cell phone, on spending cuts that you want to see the House enact. Vote on this page today for your priorities and together we can begin to change Washington's culture of spending into a culture of savings.  Source: The Republician Whip, Eric Cantor

CBO REPORT: DEBIT WILL RISE TO 90% OF GDP
-- In its final analysis, released 3/25/10, that the president's budget would generate a combined $9.75 trillion in deficits over the next decade.
-- The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it's headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO's deficit estimates.
Source: Washington Times

CBO: NATIONAL DEBT TO BE HIGHER THAN WHITE HOUSE FORECAST
Source: Washington Post

CONGRESSIONAL ESTIMATES SHOW GRIM DEFICIT PICTURE
Source: AP

CBO: President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade

CBO: Predicting a deficit of about $1.5 trillion this year -- a post-World War II record at 10.3 percent of the overall economy -- and $1.3 trillion in 2011

CBO: Predicts that debt held by investors, including China, would spike from $7.5 trillion at the end of last year to $20.3 trillion in 2020. That means interest payments would more than quadruple — from $209 billion this year, to $916 billion by the end of the decade.