The failed stimulus, bailouts, cash for clunkers, and a variety of other "big things" have all contributed to America running up the largest deficits in its history.Technorati tags:
The biggest thing this president has accomplished is running up more debt faster than any other leader in the history of the world. Today the debt stands at $14.3 trillion—America owes more money than any other nation ever.
The result? Moody's says if we don't show real progress on the debt by next month they will downgrade our credit rating, which could lead to higher interest rates and fewer jobs.
This debt threatens not only the economy, but the very nature of America. It is a crime against future generations.
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