Two things contributed to a humungoid jump in the amount the government must pay on our debt load for this month:
http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm
1) the economy has tanked, resulting in much lower expected revenues across the board.
2) President Obama's spending policies, designed to help Democrats in Congress get re-elected next year are causing job loss, further hurting the economy and consumer confidence.
What's going to happen to it when the Democrats pass their Health Care Bill?
Make no mistake, this is Barak Obama's economy, created by liberals like Raul Grijalva to advance a PROGRESSIVE AGENDA, not to help America recover.
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Who am I? Like yourself, I am a concerned citizen who is sick of elected officials who's only concern is their own political future. In 1994 I moved to southern Arizona to work and live because of the large number of jobs being created in this fabulous state. Like most Arizonans I value the freedom of economic opportunity that this state is known for and that has helped us to thrive. Unfortunately, many politicians, having passed themselves off as sharing these values, now promote a socialistic agenda, wanting to spend the wealth that Arizonan's create on large government and programs that stifle creativity and initiative. I wish to be a voice in opposition to these charlatans. Enjoy my blog.
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