News Ticker

Wednesday, April 15, 2009

Do You Know What Your Obama Debt Number Is?

This post is a small part of Newt Gingrich's weekly newsletter. It should act as a wake-up call for anyone who still thinks that the out of control government spending is not causing lasting fiscal damage to this country for generations.

Today is The National Tax Day Tea Party day. I hope you are all attending one close to your homes. I will be in Gilbert this afternoon and then at the AZ state capital this evening. Look for me there is my "Dear Leader, Chairman Maobama" t-shirt.

tom




All of us will be forced to pay for President Obama's record-setting budget increases-as will our children and grandchildren.

By 2019, President Obama's budget will have added over $9.4 trillion to the federal debt.

And like any form of debt, such as a home mortgage or car loan, this debt comes with a steep debt load. Just like paying off the interest on a credit card, every young American will be responsible for not only paying the principal on President Obama's budget, but will also have to shoulder the interest payments.

How much will you have to pay? How much will your kids owe? American Solutions has put together an Obama Debt Calculator to determine how much President Obama's deficits will cost you over your working life.

Just click here, enter your age, your current salary, and get your Obama Debt Number.

2 comments:

Jo Jo said...

Ouch! That hurts. Wish we could go to the tea parties. Not a lot of options in WV, they're here, just not something Mom can do with too many kids.

Jenny said...

I noticed that the Boston News Broadcast the time and place for the tea party today at the state house... I thought that was a good thing. I was in an x-ray machine at noon. But there in spirit!