$120 Billion in Debt for First Month of Fiscal Year

Thursday, November 15th, 2012 and is filed under Debt, News

Share with your friends

If you thought Obama accomplished a lot during his first term, just wait for the next 4 years.  According to CBO, we have accrued $120 billion in debt just for the month of October – the first month of FY 2013.  The administration disingenuously claims that the deficit for this year will come in below $1 billion, but we are already on pace to easily surpass that mark, making this his 5th year of billion dollar deficits.