Stephanie
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Friday, July 15, 2011
By Nicholas Ballasy
(CNSNews.com) Rep. Allen West (R-Fla.) said President Barack Obama needs to admit his economic policies have failed America. To back up his assertion, West cited the national debt increase under Obamas watch.
What people have to understand, theres one simple reason why were in this situation right now. There has been close to $4-and-a-half trillion dollars of new debt that has come about in two-and-a-half years since President Obama took office, said West after a press conference about the Priority Spending Act of 2011. So this is a catastrophic situation. Thats more debt than from, I believe, 1776 up to 1994 almost. So thats what were contending with. Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
Were also contending with three years of an exorbitant amount of deficits $1.42 trillion, $1.29 trillion, and then this year possibly $1.65 trillion. So those are the types of things that the president needs to admit: that his economic policies, his tax policies have failed this country.
The 111th Democrat-controlled Congress, which cast its last vote on December 22, 2010, added $3.22 trillion to the national debt, according to data posted by the Treasury Department. This amount surpasses the debt added by the first 100 Congresses combined.
The Priority Spending Act, backed by Rep. West in the House, would require the federal government to fund the following obligations, in order, before any others when it reaches the statutory debt limit:
read it all and comments.
Rep. West: Obama
Friday, July 15, 2011
By Nicholas Ballasy
(CNSNews.com) Rep. Allen West (R-Fla.) said President Barack Obama needs to admit his economic policies have failed America. To back up his assertion, West cited the national debt increase under Obamas watch.
What people have to understand, theres one simple reason why were in this situation right now. There has been close to $4-and-a-half trillion dollars of new debt that has come about in two-and-a-half years since President Obama took office, said West after a press conference about the Priority Spending Act of 2011. So this is a catastrophic situation. Thats more debt than from, I believe, 1776 up to 1994 almost. So thats what were contending with. Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
Were also contending with three years of an exorbitant amount of deficits $1.42 trillion, $1.29 trillion, and then this year possibly $1.65 trillion. So those are the types of things that the president needs to admit: that his economic policies, his tax policies have failed this country.
The 111th Democrat-controlled Congress, which cast its last vote on December 22, 2010, added $3.22 trillion to the national debt, according to data posted by the Treasury Department. This amount surpasses the debt added by the first 100 Congresses combined.
The Priority Spending Act, backed by Rep. West in the House, would require the federal government to fund the following obligations, in order, before any others when it reaches the statutory debt limit:
read it all and comments.
Rep. West: Obama