nearly quadruple the deficit spending and raise it more in a second year. and quadruple the money supply. this is a big problem. this is a republican and democrat problem. the republicans under george bush spent out of control and it is one of the reasons they got kicked out of power. sean: 400 billion dollars to 1.3 trillion in one year. republican congress was spending, spending and it was horrible. and we became what we fought against in 1994. what we said we do and fix. and we paid the principle decision and newt gingrich for four years balanced the budget if people remembered, 1995 to 1999. the other thing is the scale of this and how quickly it is moving. the deficient president obama s 2010 budget is the size of federal spending under george bush in 2001, about 1.8 trillion dollars. the scale of this is getting out of control. even liberal economists are
generation zero. we watched the obama administration increase the national debt by an unprecedented amount. they say they are doing this to get us out of the last financial crisis. could they be bringing about the next big one? we have as it stands right now a 12 trillion dollar national debt. over seven trillion in external debt or trade debt. almost two trillion dollar federal budget deficit in in 2009. the government is borrowing over 1.8 trillion dollars that comes to more than 150 billion dollars a machine. next year it will be 1.4 trillion. we are going to continue borrowing over 100 billion dollars a month over a trillion a year. it doesn t take a ph.d in economics to think that you can run one trillion, two trillion, five trillion, 10 trillion dollars of debt. these numbers are incomprehensible, they are so large. the fiscal crunch can be dated fairly precisely.
generation zero. we watched the obama administration increase the national debt by an unprecedented amount. they say they are doing this to get us out of the last financial crisis. could they be bringing about the next big one? we have as it stands right now a 12 trillion dollar national debt. over seven trillion in external debt or trade debt. almost two trillion dollar federal budget deficit in in 2009. the government is borrowing over 1.8 trillion dollars that comes to more than 150 billion dollars a machine. next year it will be 1.4 trillion. we are going to continue borrowing over 100 billion dollars a month over a trillion a year. it doesn t take a ph.d in economics to think that you can run one trillion, two trillion, five trillion, 10 trillion dollars of debt. these numbers are incomprehensible, they are so large. the fiscal crunch can be dated fairly precisely.
nearly quadruple the deficit spending and raise it more in a second year. and quadruple the money supply. this is a big problem. this is a republican and democrat problem. the republicans under george bush spent out of control and it is one of the reasons they got kicked out of power. sean: 400 billion dollars to 1.3 trillion in one year. republican congress was spending, spending and it was horrible. and we became what we fought against in 1994. what we said we do and fix. and we paid the principle decision and newt gingrich for four years balanced the budget if people remembered, 1995 to 1999. the other thing is the scale of this and how quickly it is moving. the deficient president obama s 2010 budget is the size of federal spending under george bush in 2001, about 1.8 trillion dollars. the scale of this is getting out of control. even liberal economists are
i don t think it s just about ideology. it s about the economy as well. we re past the point where anybody with credibility can claim that this is george bush s economy. they were worsened by the level of spending, the deficit spending. we have 1.8 trillion dollars that businesses are sitting on. money that s sidelines because they don t want a chance of expanding the taxes and regulations that they know are coming at them. let s look at the president s approval, disapproval. on his handling of the oil spill. if you look at how it s doing now and how it s doing this may, right now in june it s getting worse for him. the approval level is going down. the disawe prooufl is going up. karen finney, this is tough. it s tough. why do you think it s tougher? people are frustrated. the reality unfortunately of the oil spill is it s hard to stay ahead of the curve. we need to get a look at the