The U.S. Government Will Borrow Close To 4 Trillion Dollars This Year:
"When you add maturing debt to the new debt that the federal government is accumulating, the total is quite eye catching. You see, the truth is that the U.S. government must not only borrow enough money to fund government spending for this year, it must also 'roll over' existing debt that has reached maturity. Of course the government never actually pays any of that debt off. Instead, it essentially takes out new debts to cover the old ones. "
And Senator John McCain's having on tantrum because America is not moving fast enough to get involved in yet another war!
Recommended reading:
Explaining the Obama Ecomomy to Sixth Graders
The $17 trillion Dollar Party
If Your Outgo Exdeeds Your Income, Your Upkeep Will Be Your Downfall
