If you are not a financial expert, like me, please watch these video below…
During Obama’s Asia Visit… the Chinese asked Obama how we were going to pay for Obamacare… and encouraged him to abandon it. They also did not bite on his sales pitch for Cap and Trade… even after Obama’s embarrassing bow to the Emperor of Japan. Newspapers in Japan are not printing photo of Obama’s bow because of the weakness it shows.
National Debt Now Tops $12 Trillion
It's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.
Technically, the debt hit the new high yesterday, but it was posted on the Treasury Department website just after 3:00 p.m. ET today. The exact calculation of the debt is a 16-digit tongue-twister and red-ink tsunami: $12,031,299,186,290.07
This latest milestone in the ever-rising journey of the National Debt comes less than eight months after it hit $11 trillion for the first time. The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year's record high.
Senator Gregg said earlier today on GretaWire that the actual cost of the Pelosicare Bill is $3 Trillion Dollars and it will end up as single-payer socialized medicine and will ultimately cut a Trillion in Medicare…
Will the Health Care Bill Pass? - Video
Senator Gregg says keep the bill out of Conference… Keep them from voting to take the Bill to the Next Step!!
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