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Thursday, April 07, 2011

Budget Cuts versus National Debt :: 8 April 2001

U.S. NATIONAL DEBT CLOCK [LINK]"The Outstanding Public Debt as of 08 Apr 2011 at 12:25:50 AM GMT is:
The estimated population of the United States is 310,345,738  ... so each citizen's share of this debt is $45,962.48."
"The National Debt has continued to increase an average of $4.08 billion per day since September 28, 2007!"
Concerned? Then tell Congress and the White House!


Obama fails to end budget standoff
By Lisa Mascaro and Peter Nicholas, Washington Bureau | [LINK] | April 6, 2011
" ... Reporting from Washington— A White House budget summit Tuesday failed to resolve a standoff over spending cuts needed to avert a government shutdown by the end of the week, increasing the stakes for the president and Congress as the time to reach agreement dwindles. ... "
"There's no reason why we should not get an agreement," Obama said during a rare, unannounced appearance at the White House briefing room after the nearly 90-minute meeting with congressional leaders. "Everybody has got to make some sacrifices. Everybody has got to take a haircut. And we've been willing to do that."

" ... Congressional Republicans and Democrats have been unable to agree on the scope of a proposed $33-billion package of domestic program cuts for the remainder of the 2011 fiscal year, which ends Sept. 30. ... "

" ... According to a senior administration official, Boehner said at the White House meeting that he wanted what amounted to $40 billion in cuts. (Lisa Mascaro and Peter Nicholas. April 6, 2011. LA Times LINK)"
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