CNN

[...] the loss of jobs, increased taxes, the ultimate bankruptcy of our nation (which just today passed the trillion-dollar deficit mark), and forced servitude at the hands of an out-of-control [...]

[...] announced that for the first time in the nation's history, the United States federal deficit has reached $1 trillion.  The milestone is a significant one, as the US government is only nine months into its fiscal [...]

@Dutch/Bad Newz, VA $720,100,000,000,000 is $720 trillion dollars. That's 1000 times what the war has cost to date you dolt. Go back to school and learn basic math. The real cost is $720 billion over 7 years, or $100 billion per year. Obama created a bigger deficit than that in his 1st six months in office and is adding to the deficit at the rate of $100 billion per month. Oh, that's right, he's creating jobs. so why is the unemployment rate still going up not down?

I see all this about how Palin is so stupid, why don't you idiots listen to Dictator Hussein, I mean Obama. Dude can't complete a single thought without help from his propaganda machine, the teleprompter. You libs are pathetic and in case you've noticed his poll numbers are falling at an alarming rate, assuming you ever look at any news source other than CNN or MSNBC. I guess I should get back to work so I can fund all the gimme programs that Barry is ramming through the system.

DEMOCRATS become majority in Congress and Senate since 2006, by 2007, USA is in recession. Democrats love their PORK BARREL, Nancy Pelosi ordered a bigger PRIVATE JET to transport her CORRUPT butt back and forth to California. This is what Democrats is all about ENTITLEMENTS at the back of EVERY hardworking Americans.

Freeze spending at current levels. In 6 years the budget will be balanced.

It's all Bush's fault! The Great Leader can do no wrong! He will take responsibility once things turn around - until then, it's all Bush's fault!

Whole 2008 (Bush) deficit was $454bn
whole 2009 (Obama) deficit estimated (according to Obama) at $1.84Trillion.

You do the math...

Republican Balance Sheet theory:

WAR = Good Debt

HEALTH CARE AND EDUCATION FOR AMERICANS = Bad Debt

To All the Republican Fans and Idiots:

1. Obama is Spending. This money will be spent to Generate Economic Growth.

2. Bush Spent Money on War. Which is Waste. We lost 2800 lives in
9/11. To remedy 9/11 Bush Invaded Iraq. None of the 9/11 terrorists were from Iraq. We lost another 4300 lives to remedy 9/11. Still there is no guarantee that we are safe.

Obama is the blind leading the blind. Eveybody blames Bush but Obama said he would bring the troups home immediately. Well he sure didn't, because he doesn't have a clue. Then he is sending even more troups to Afganastan. My gosh if Bush did that there would be riots in the streets. But you poor Obama followers believe this MAN (not God or Savior by a long shot) can do no wrong. You can blame Bush for getting us into it, but you'll have to blame Obama for not getting us out of it but putting us into more dept.

One of these days will be running out of paper to print more money.

Actual Independent

o ur name is 'actual independant" that must mean its true!! your so convincing...democrats dont look at anyone as "messiahs" thats the religious nuts in the republican party that use that kind of talk. churches were telling their flock of sheep to vote for bush to bring god back to america. you think we are the ones who are voting for messiahs? riiiiiiiiiiiiight

I think people are forgetting that the "counterfeit" buck was passed to President Obama. Amnesia is a terrible thing to have!

Like we didn't know, eh? Tell us what we do not know. Tell us more gratifyin' news about the economy as a (w)hole. We guess nary a soul can do that.

I think people are forgetting that the COUNTERFEIT BUCK was passed to President Obama. Amnesia is vice!!

Whatever happened to Obama's "no pork spending" mantra?

All we need is another stimulus package and things will get better.

So... how long till Obama and the Dems pull an excuse to tax the middle class? Oh well, Sarah Palin will fix the mess up quick! **Palin 2012**

Be patient my GOP brethen. $1 trillion in the hole today, the health care agenda, cap and trade, and the 2nd stimulus bill tomorrow. 2010 and 2012 looking good.

Oh no folks, we're not blaming Bush any longer. This is Obama's baby and he owns it!

I am sure if the wars had been on the books are they are now there would not be that much difference in the numbers. We have always spent huge sums of money. The difference now is priorities.

The Barack Obama fiasco continues!

Go for it Sarah Palin! By 2012 this guy will be toast!

Way to Go BUSH/CHENEY And Republicans well you moron Republicans put that Idiot in office for 8 Years not to mention the Republican Congress that rubberstamped everything for that disaster of a President thanks a bunch Repukelians!

I love how all of this is Obamas fault when he inherited the craptastic economy we have today after we spent billions on two wars, one of which wasn't justified and deregulation led to turning the stock market into a giant casino where no one wins.

@ Bill, Bloomington, who said "Making up facts like saying we have been in charge for 6 months instead of 2 years."

Or you know...IGNORING facts like the Dems not having a super majority for 2007 and 2008 and the GOP filibustering like gangbusters, and Bush setting a record with the veto pen during that period.

BTW, the whole "the Dems have been in control since 2006" argument didn't work during the election...you might want to rethink using it. Scoreboard: November 4 2008.

No one ever wants higher taxes. Everyone hates taxes in general. But, we use tax money to pay off our national debt. I wouldn't mind paying more/higher taxes as long as our debt goes down!

It never ceases to amaze me how you repubs never take responsibility for ruining the economy. Eight years of the Bush buddies, bank meltdown from shear creed, and let's not forget the Savings &Loan scandal( with yet another Bush involved). Why do guys keep telling the Lies, you are fiscally responsible ?_

With all the extra money Obamatopia is costing me, all I have is Spare Change You Can Believe In.

so what, its because of george bush and hush-hush cheney,(cnn) why dont you get the real facts to the people ,and stop being so (bogus ) wtih these (headlines) you just can not accept ,that no matter what (headlines ) you put out about the spending,does not spark any movement, the nay -sayers is (cnn) get real, your acting worse than kids ,who cant get candy at the store. .the spending is justified,for the survial of the country. (cnn) needs to grow up, and report the truth, instead of (right wind nonsense) it s really getting old(cnn)........

This is NOBAMA's Economy now.

Try if you can, but Bush did not spend the money to get us here. NOBAMA and the DEMS did. Trust me if this had gone the other way, the DEMS would be taking credit, and we know that would NEVER happen;-)

Sorry guys you can not have it both ways..................... Admit it and let's work TOGETHER to fixed what has broken.

This Budget Deficit brought to you today courtesy of Ex-President BUSH and 'I'm Not Part of the Executive Branch' CHENEY!

Thanks guys! We USED to haver a balenced budget before you two came into power.

Wow, it ain't cheap repairing an ailing economy. Especially when you have to do it with a treasury that's already been drained by eight years of geopolitical meddling and warmongering. That's for DARN sure.

Well you DUMOcrats be happy when you are paying more taxes, for I will not. I'm cheating on my taxes like most of the DEMOCRATS in office.

GO ahead, praise the glory of TAX and SPEND.

Because you'll be paying the taxes, and no new jobs.

Don't hire a democrat is my new motto.

@ Mike Syracuse,NY July 13th, 2009 3:56 pm ET - Triple the annual deficit of Bush's last year. Change we can believe in.
___________________________________________________
Cute Mike, very cute. Are you forgetting that your precious Bush was keeping the cost of the wars off the books? President Obama is including the costs of the wars so I imagine that would account for much of the money. At least we know what Bush's cowboy heroics cost this country.

And the point is? Seems the point is just to smack Obama upside the head while totally ignoring that Bush is the one that made us have to go this deep as it was, and the fact that Bush more than doubled the debt in his first term in office. Not to mention that the actual amount that we are in debt for is more like 11 trillion total.

Some reality please.

So McCain/Palin hit the circuit pre-election yelling that action needed to be taken quickly on the Bailout package and now they are blaming Obama??? I do not agree with another bailout but the Republicans have got to stop flip-flopping on this topic, pick a path and HELP execute. Twisting in the wind is all I see them doing now.

Way to go OBUMMER. You're making BUSH look great.

Keep raising taxes, and keep watching the tax revolts.

Its the Dems and the Repubs fault. There is no "small" government, spend less party anymore. Its time for "Change", and the change starts with getting these established parties out of Washington.

And that's the money we know about. Bush spent about 1 trillion dollars on his criminal enterprise in Iraq, enriching his corporate supporters while getting 50,000 US soldiers killed or wounded...and Bush didn't even count this deficit spending as actual debt.

Typical Obama disciple: "Well Bush spent $1 trillion, so why can't Messiah Obama?"

Since when do 2 wrongs make a right?

The sheer stupidity of most Obama supporters is amazing.

Wow – must be having a hard time collecting taxes from ILLEGALS and those in other countries that took our jobs.

Go figure.

Goodbye America. It was nice knowing you!

This is just the tip of the iceberg. By the time Barry Hussein gets done destroying the country the deficit will be the least of our worries.

Looks like the party of "No" may become the party of "Told You So!"

When you're in a hole...

Taking in less, spending more and figuring out what the next tax increase looks like. Yes, the Democrats are in control!

Looking forward to 2012!

FACTS, folks – look at the facts. And history, look at that too.

This article says:
'The deficit was the largest shortfall the government has ever recorded in the month of June, and the first time it has come up short in June since 1991, according to a Treasury official' –

so that was when H.W. left office to Clinton (like Father like son, failed us completely). Clinton left with a $500 billion dollar surplus. Give Obama some time. Then, when he fixes everything, we can make it even better by electing a conservative republican who won't tax us.

Oh, wait......that might not work, huh? It never has before, has it? Hey, at least they're pro-war, anti-abortion. Bet you wish we had some of that 'War' money now huh....YOU BETCHA!!!

Running the Bush /Cheney War is and was very expensive! Thanks to Congress and greedy Congressmen with their own agendas and of course those AIG bonuses, past , present and future, I am surprised we are only a trillion in the hole, and I cannot imagine what a trillion is , I think in hundreds and on occasion thousands! Cannot get upset over what I cannot fathom.

Accounting 101. Revenue-Expenses equals Net Income. The government needs to cut programs that do not work and cut the size of government. As an Obama supporter, I believe many programs will get cut but to starve off the inevitable, drastic measures must be taken now. Additionally, taxes will go up. However, President Madison said that taxes will never be a huge source of revenue for a particular governement. The truth of matter is that the system is messed up. Yet, I am able to sleep at night cause of a mighty GOD we serve who sits high and looks low. My advice to everybody is to stay healthy, get plenty of rest, and get out of debt! Watch Dave Ramsey! That's what I do every night on FOX BUSINESS!!!

It's only the beginning. Wait another year when we're in the same boat economically and the debt increases to 2 trillion.

yeah, I always knew the Dems are "against" deficits:

That's why it's now four times larger than las year this time...

Bill, Bloominton IL

oooh man you republicans are hilarious. the democrats were not IN CHARGE in 2006. they TOOK AWAY the republicans dominance in 2006 by evening it up. it was 50/50 for the first time in about 15 yrs!!! you people are just too funny. and if you blame it on the republicans why would you take a jab at democrats for being in charge?? possibly because you are pretending to be an independant?? we are not as gullible as you republican sheep that dont believe in evolution that nonsense doesnt work with most of us. we use logic NOT faith to make decisions.

I'm with you Old Farmboy.

Triple the annual deficit of Bush's last year. Change we can believe in.

Write your elected officials – rantling on here does no good – but twenty or thirty million letters would help the postal service make ends meet and would get the attention of the guys and gals we sent to Washington.

Most of the comments here show stunning ignorance of the facts:
Republican administrations brought the national debt from under $1 trillion when Reagan became president to nearly $11 trillion when Obama became president; Bush handed off the worst economy since the Great Depression to Obama; if the stupid Republicans had their way, there would have been no bail-outs and no stimulus, and the economy would have continued its collapse, resulting in a WORSE SITUATION FROM EVERY PERSPECTIVE.

We can thank the idiotic media for being more concerned about ratings/money than the truth about Obama.
A heavy price is going to be paid unfortunately.
Jane J
Nevada

Chump change...Obama will tack on another trillion easy!

Shawn – GA

the president has been working since january. so thats a little over 6 months. if you are trying to blame this on him then you are nuts! plain and simple. did you think he was going to reverse everything in a matter of months? do you think that is even possible on any level!?!? this is going to take ALOT of time and effort to fix the hollowed out deregulated, privatized government bush created in 8 yrs!!! grow up and try to admit what the people you voted for REALLY DID TO THE REST OF US!!

Don't you get it yet?
When Obama gave Hamas (a terrorist organization) $800,000 of American Taxpayers money you would think ALL Americans would get it.....shows how foolish AMericans are re Celebrity.
Jack C
WA

sniffit. the numbers speak for themselves. obama and crew are spending like drunken sailors and you cannot blame bush for it. running a deficit > 2X bush's is simply financial irresponsibility. the dems days in power are limited my friend.

keep being blind to the truth.

Hey, let's tax and spend some more!!!!

We use to be Dems, and now Independents as we have seen enuf.
DEMOCRATS ENJOY spending, and spending more, and of course taxing more....they don't mind taxing more as they don't pay their taxes ! Check the Obama ADM as it's loaded with tax cheats.
Obama is a novice, and he will never get it – he will be campaigning 2 yrs from now as there is not a camera he does not love..he's nothing more than a foolish celebrity.
Jean B
WI

I HOPE we have some CHANGE left when Chairman Obama is done raiding the treasury to pay off all his various constituencies & union bosses.

Joshua W
Albany OR

War in Iraq = $10 billion a month

March 2003 – Present = $720,100,000,000,000

-My first point is that this was a war of choice and not of necessity.
-Secondly, this war continues and is still costing taxpayer money

The point I'm getting at is what our current President has been saying all along: We inherited this debt

Here's an interesting perspective. The Dems of course will blame Bush and The Repubs will of course blame Obama, and the Independents will blame each. This is an indictment on government (public sector) actions regarding the economic crisis. What solutions do representatives of the private sector have to offer to reverse the crisis and get us consistently going in the right direction? We keep hearing from government officials. Now what do our business leaders have to say? Do we have any left? Or is it too late and they've already sold us out (legally or illegally) and moved on to the next growing countries in the world to invest in? Will real AMERICAN business leaders please step forward. We're waiting.

Peanuts. Just how many trillion do you the property values are in poor Detroit ??? You have to put the wealth of this country in perspective to a national budget. It may have to go much higher to keep us competitive in a Global Economy........................which by the way has helped incurr these HUGE deficits

dominican mama 4 Obama:

Nice rebuttal. No facts, just blame. Hope your happy with the change you voted for, even more so the day you become unemployed.

Congratulations President Obama.
Congratulations Nancy Pelosi.
Congratulations Harry Ried.

$1 trillion deficit AND you managed to erradicate over 2 million jobs.

That is the democrat way of managing the economy. Now on to health care and "global warming". Let's see if we can get the deficit to $2 trillion and unemployment up by another 4,000,000.

I blame the GOP for this because if they had not stunk up the place for the past 8 years Obama would have never gotten in. I am sure the GOP would like to do something about all of this but they can't because they have been beaten to a stand still so now you will have to take the advice of the Great MaHaRushie and just grab your ankles and take it all for the next 8 years. You better hope Obama is right because other wise you would have taken it Rush style for 8 years for nothing. Smooches!

There they go again. This is shaping up tp be the carter presidency part11. I guess we should expect a Reagan like in 2012.

shocker. Get used to this. This is Obama's America. This is in a bad economy, but when all of Obama's programs hit, this will be how America is. High unemployment, high deficits, and high taxes. This is awful. Why isn't the media calling him out?

George Washington in his farewell address to the nation said,

"As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear."

When did the government foget this wisdom and when did we the voters decide that this wisdom was no longer valid? Is it too late to recapture the intent and meaning of this wisdom? I think not if we as voters will find and vote for candidates that are more interested in principle vice politics. Politics is about expedience not about strategy or good governance. Policy decisions are driven by re-election concerns and not what is best for the nation.

Hey Henry Miller,

"Criminally stupid" would have been if this country had elected McCain and the Wasilla Hillbilly. The thought sends chills down my spine!

May God have mercy on each one of us !

Stop Palin's cult campaign..

Carter was the worst president in history and now we have term 2 with Obama at the helm. Don't these guys ever learn from past mistakes? It took Reagan to turn around the mess Carter made. Obamas mess is HUGE. I pity the poor guy who has to clean that up!

This country needs either fiscally responsible leadership or a balanced budget amendment and SOON!!

Isn't $1 trillion dollars about the same as the cost of the Iraq War?

Uh oh. Here it comes. The Obama bashers will try and blame the deficit numbers on the new President. They won't even take the time to read the article and see the dates are mostly during the Bush administration.

Once again, you can't fix stupid (or ignorant)!

I am firing all incumbents appearing on my 2010 ballot.

This kind of profligate spending is wrong no matter what the politicans and economists say. We will pay a high price in the future for the temporary feel-good of deficit spending, even if it does help provide some stimulus.

That averages out to $90,000 for each US citizen. Nice to know before a child has worked a day in his life he is burdened with this nonsense. Gee, thanks Obama. Why spend mine, when I can spend yours, your children's, your grand children's and your great-grandchildren's.

Only a trillion? The spending has barely begun for this administration. Maybe Obama should have taken a few business courses in his life to understand how money works. Just goes to show that a community organizer does NOT make a good president. No real life experiences to relate to the working class.

The party of "No Clue" is setting another first – record spending for the month of June versus a budget suplus during this month last year. At least Obama is good at something even though it happens to be spending us into a hole we can never climb out of....

I could go so many places with this but no need to pour gas on the fire.

I blame the republicans even though democrats have been in charge since 06. Being democrat since the first of the year has been so cool. Making up facts like saying we have been in charge for 6 months instead of 2 years.

Wow, where are all the democrats and their whinning about budget deficits in the Mr. Bush's administration and they are on course to really blow the budget this year. We have no jobs, high deficits, so to be run away inflation. Doesn't this remind you of those Jimmy Carter years where we had high employment 12%, inflation of 16% and interest rates at 21%. The latter is coming, just wait. Have fun you stupid democrats and your artifically minulated majority. Like Minnesota and Al Franken, they did it in Washington State with the "mom in tennis shoes", Cantwell and the Govenor. Isn't it amazing that you could have more votes cast then registered voters in Minnesota and we complain about other nations and voter fruad. Give me a break.

How much of this $1 trillion did you get? If your answer is $3,000 (plus $3,000 for each of your children) then you broke even, otherwise, you got ripped off - again.

Yet another historic first for Obama. Way to go!!!!

It's just part of the Presidents "HOPE" platform. Which boils down to: "The President HOPE's we can pay it"!

Way to go, Congress. I hope you are proud of yourselves.

"Spending surging, income shrinking: The government has been spending at a breakneck pace to slow the deceleration of the economy in the current recession. At the same time, tax revenue from companies and individuals has declined, adding to the shortfall."

Translation – it's not working.

To those who'll plead for time for the government to get things working – don't let the government take over health care. Time is not the ally of a sick person. 6-12-18 months to get things going won't help someone who's ill.

It's Bush's fault Obama had to spend all that money on his pork filled stimulus bill that did nothing. We need to study why pigs stink. We need to spend a couple trillion more so I can have free health care. Time for the rich to fork over some more of their money, the rest of us need it!

Before the 'hater pounce' begins, all we ask is that you get a little more creative with your spin of the truth. If we have to read your venom at least keeep us entertained!......

And they're off.........!

Let me guess it is the Rep(fill in your silly insulting words) fault?

When will enough be enough and the kool-aid effects end? I am Scared for us all. I hope the hate can stop and the good decisions can start to be made.

God Bless America, her people and her President.

A trillion bucks in the hole–and swarms of idiot Democrats pushing for yet another so-called "stimulus." That, as far as I'm concerned, is just little shy of criminal stupidity.

and the way this congress and president . spends money it will only get worse ... lord help us......

this one should be good...pass the popcorn...

first GOPer to blather about socialism gets a candy

I'm so happy!!!

Let's go spend another trillion!