[9mm_fan]

Barack Obama, the worst president in the history of the United States, has now managed to drag our country into a new lowpoint: The national deficit has finally reached a whopping $1 TRILLION.

So what is the commander-in-thief thinking of doing about this enormous debt that he's forced the country into? Borrowing more money, of course. Just like a person who can't keep up with credit debt would borrow even more money to make the interest payments on the credit cards. Apparently, spending less is not something that Leftists like Obama ever contemplate. On the contrary, he's busy forcing the disastrous trillion-dollar health care scheme down the throats of American businesses which are already falling like flies.

We're also now seeing the results of the Leftist "stimulus" plan, which only stimulated the pocketbooks of Obama's political donors. All the "shovel-ready" jobs Obama promised turned out to be just welfare checks to his voters, not real jobs. And, every time Obama announces new plans to steal even more tax money from small businesses, the unemployment rate jumps.

I should also mention yet another national milestone which deserves it own thread: Under the Obama administration, we've now surpassed the tipping point in that less than 50% of Americans pay tax. The rest don't.

From news article:
The deficit has been propelled by the huge sum the government has spent to combat the recession and financial crisis, combined with a sharp decline in tax revenues. Paying for wars in Iraq and Afghanistan also is a major factor.

The country's soaring deficits are making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term.

"These are mind boggling numbers," said Sung Won Sohn, an economist at the Smith School of Business at California State University. "Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run."

Government spending is on the rise to address the worst financial crisis since the Great Depression and an unemployment rate that has climbed to 9.5 percent.

Congress already approved a $700 billion financial bailout and a $787 billion economic stimulus package to try and jump-start a recovery, and there is growing talk among some Obama administration officials that a second round of stimulus may be necessary.

http://www.foxnews.com/politics/2009...trillion-time/