Liberals will tell you this doesn't matter, that Obama had no choice but to to pursue fiscal policies that produced this and that it's all Bush's fault (to be fair, on the latter point, it is partly Bush's fault) but don't worry, it's all good and there's nothing to worry about. And hope and change and "do you want the President to fail?" and stuff. Decide for yourself. I think it's, um, kind of a big deal, though.
The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress.
Treasury data showed Monday's outstanding debt at 12.031 trillion dollars, up from 11.999 trillion on Friday.
The ballooning debt reflects the massive deficit spending by the government in an effort to revive an ailing economy over more than one year.
The public debt topped 10 trillion dollars in September 2008.
Awesome. Just... awesome.
Meanwhile, a bunch of people within the Democratic Party (not the White House or Bob Menendez, chair of the DSCC, mind you) are having a freak out about independent attrition. But apparently some key Dems think it's really all down to "messaging."...
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