How Our Debt Rose to $14.3 Trillion: Blame Congress
One thing our politicians don't seem to take into account is that the average voter (and I include myself in this group) has no idea about the financial big picture because we don't understand it. We only understand when it gets personal....when they threaten to cut something we expected to get (like social security or Medicare), when our health insurance premiums become obscene or when the Government makes us pay for something we had no voice in and opposed (like a few wars, here and there.) The result may be that we take our frustrations out on incumbents in 2012. All of them. Too bad for them, but they all deserve it.
We may not understand the spin and fancy words that the Government and journalists use, but when the numbers are listed by themselves, all in one place, the picture is becoming clear: Our Government is robbing us blind.
In 2001, our debt was $5.3 trillion. It's now $14.3 trillion. What did we do with the $9 trillion we borrowed in the last ten years and who lent it to us? [More...]
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