treasurydirect.gov

treasurydirect.gov

The first sentence says, "Government debt has doubled in the past two years alone, to $ 12 trillion." No it has not. On Nov. 25, 2007, government debt was $ 9.1 trillion, according to treasurydirect.gov. Doubling it in two years would mean it would have to be $ 18.2 trillion now.

The description of “health care legislation that critics figure will balloon the nation’s deficit by another $1 trillion or more in 10 years” is laughable. Another trillion dollars of debt in 10 years would increase the nation’s debt, but not “balloon the nation’s deficit.”First, a trillion dollars would only increase the debt by another 8.3 percent, over ten years no less. Second, the use of the word “deficit”

And by the way, the national debt while George W. Bush was president, with a Republican controlled Congress for six of eight years, ballooned from $5.7 trillion when he took office to $10.6 trillion when he left office — but that was probably a Clinton’s fault, Bill’s or Hillary’s,

makes me wonder if The Progress knows the difference between deficit and debt.