Call me a crazy, but I think that a balance budget would benefit the country.   We would need major cuts but even bigger tax increases.

 

John Coffey

 

From: Trout, Larry R

‘National Debt Up $3 Trillion on Obama's Watch

New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.

The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.

The Debt increased $4.9 trillion during President Bush's two terms. The Administration has projected the National Debt will soar in Mr. Obama's fourth year in office to nearly $16.5-trillion in 2012. That's more than 100 percent of the value of the nation's economy and $5.9-trillion above what it was his first day on the job.’

http://www.cbsnews.com/8301-503544_162-20019931-503544.html