http://cnsnews.com/news/article/2535b-obama-borrowed-nearly-6x-much-february-sequester-cuts-all-year

That one-month increase in the debt was nearly six times as much as the $44 billion in spending cuts the Congressional Budget Office estimates will take place in all of fiscal 2013 as a result of sequestration.

In its Budget and Economic Outlook for Fiscal Years 2013-2023, published in February, the CBO explained that only $44 billion in planned federal spending will be cut during this fiscal year as a result of sequestration.

At the close of business on Jan. 31, 2013, the federal debt was $16,433,791,850,294.04, according to the U.S. Treasury. At the close of business on Feb. 28, 2013, the federal debt was $16,687,289,180,215.37.

Thus, the federal debt increased $253,497,329,921.33 during the month.


-- Modified on 3/6/2013 8:17:20 AM

interest, fees and penalties from Bush's war in Iraq, and cost of trying to rebuild it. We have to do a lot of cutting just to cover those costs!   And, on who's backs is that cutting going to come? Not on the back of those who made a fortune on it!  

-- Modified on 3/6/2013 8:38:41 AM

In the to the same article, the war in Iraq according to the CBO and anther group has cost less than $1T.  The US debt is close to or at $17T dollars.

BO has racked up $6T or so in additional in just over 4 years.

But yet, the same old "GB fault".  But yet we continue to spend over $1.3T more per year than we get in revenue.

But sure, let's just keep the status quo.....

Posted By: mattradd

interest, fees and penalties from Bush's war in Iraq, and cost of trying to rebuild it. We have to do a lot of cutting just to cover those costs!   And, on who's backs is that cutting going to come? Not on the back of those who made a fortune on it!  

-- Modified on 3/6/2013 8:38:41 AM

Is it being invested in producing jobs for needed repairs, and building needed infrastructure?

The way I see it, Bush opened the floodgates to Wall Street having their way, with no or few limitations on their greedy grab for America's wealth, while not protecting or empowering Main street or the middle class. The cost of turning that around, you choose to put on Obama's head. No wonder Obama got re-elected. Because the majority of Americans don't believe you!  

The State Department announced that it would provide $60 million in direct aid to the Syrian Opposition Coalition, an alliance of Syrian groups that has come out in support of the Al Nusrah Front after the US designated it as a Foreign Terrorist Organization and al Qaeda in Iraq's affiliate in Syria in December 2012.

Read more: http://www.longwarjournal.org/archives/2013/02/us_to_aid_syrian_gro.php#ixzz2MmUelPbj


-- Modified on 3/6/2013 12:32:03 PM

Ah yes, it's ALL GB fault...........So another words, just more left wing taking points with no real reason for the US spending $1.3 T more per year than we are taking in in revenue.

You mean those shovel ready jobs that BO promised? wink, wink?  

Who signed the bill repealing Glass-Steagall?  Yeah, I know that the bill was sponsored by an R..........

Posted By: mattradd

Is it being invested in producing jobs for needed repairs, and building needed infrastructure?

The way I see it, Bush opened the floodgates to Wall Street having their way, with no or few limitations on their greedy grab for America's wealth, while not protecting or empowering Main street or the middle class. The cost of turning that around, you choose to put on Obama's head. No wonder Obama got re-elected. Because the majority of Americans don't believe you!  

Face it! You will never be able to live down the humiliation of George Bush. That's why, during the 2012 political campaign, all the Republican candidates avoided him like the plagues.

Regarding "it's all GB fault," political expediency can be used to erase him from our history, but when it comes to accounting practices, the books begin where to books begin. Of course the books began way before Bush, and not everything is his fault, but you cannot erase his debt from the books, or try to move it, and place it else where!  Well, I guess some people can. That's how the richest of the rich do it, like Romney. The myth in this country is, if you work really hard you will get rich. Well, it does take hard work, but it also takes lawyers and accountants to help you push the limits of what is legal; and forget what's moral or ethical!  

No one has ever got prosperity or growth by cutting spending.

Name one.

No dodge, it took both parties to get us where we are at. The repeal of Glass-Steagall by all accounts was the start of the financial mess. And in our governments quest (Carter, Clinton, Bush) to make things fair, rules and regs were put into place that both lenders and lendees took advantage.

There are people who were able to buy homes, that should have never been able to get a mortgage back in the 80's and early 90's.

But to continue to blame one side or the other is just plain stupid.  

Until people start to grasp the fact that both sides are owned by the rich, we will continue to vote for people who have their won interest at heart.

Posted By: mattradd

Face it! You will never be able to live down the humiliation of George Bush. That's why, during the 2012 political campaign, all the Republican candidates avoided him like the plagues.

Regarding "it's all GB fault," political expediency can be used to erase him from our history, but when it comes to accounting practices, the books begin where to books begin. Of course the books began way before Bush, and not everything is his fault, but you cannot erase his debt from the books, or try to move it, and place it else where!  Well, I guess some people can. That's how the richest of the rich do it, like Romney. The myth in this country is, if you work really hard you will get rich. Well, it does take hard work, but it also takes lawyers and accountants to help you push the limits of what is legal; and forget what's moral or ethical!  

Wasting money, giving tax breaks to the rich and companies that outsource will make us profitable... There are way to many programs that dont make sense and we just continue to spend on them without restriction.
    If you cant spend yourself out of debt at home why do you think it'll work as a nation? Do you want everyone to be government employees?

Why weren't all congressional members salaries sequestered?