Monday, August 24, 2009

CNSNews.com - Obama’s Spending Plans Will Nearly Double the National Debt--White House Leaked the News Late on Friday

CNSNews.com - Obama’s Spending Plans Will Nearly Double the National Debt--White House Leaked the News Late on Friday: "(CNSNews.com) - In news leaked late Friday to the Reuters news agency, the White House conceded that the national debt will increase by $9 trillion over the next ten years, nearly doubling a national debt that now stands at $11.67 trillion.

Until now, the White House had been estimating that the national debt would increase by $7.108 trillion between 2010 and 2019. On Friday evening, Reuters reported that an unnamed senior administration official was saying that a report due from the Office of Management and Budget on Tuesday would indicate that the debt would actually increase by $9 trillion during that period, almost $2 trillion more than the administration had previously estimated."

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