Kowabunga

The Natinal Debt, Today and in 2015

August 2nd, 2011 | by Sqotty |

Now that the Dunsels in Washington DC have had their way and handed Obama the power to spend another $2.4 trillion of our money, I thought it was time to take a look at the way things may look in a few years. To accomplish this, I headed over to U.S. Debt Clock and took a few screen shots. It ain’t pretty.

Current Debt Data, and at $14.5 TRILLION, it’s pretty ugly.

Debt in 2015 using CBO predictions

This is what things may look like using the CBO analysis of growth, assuming they have their numbers right. When has that ever happened? Debt at 18.6 TRILLION.

Debt 2015 at current burn rate

If the CBO predictions for 2015 didn’t scare you, then this should. 2015 at current growth rates, national debt over $22 TRILLION, or 136% of GDP.

What I don’t get is why, when Bush was president, the Left was up in arms about the National Debt and deficit spending, but now with Obama in charge, it’s spend, baby spend?