What sense did the stimulus make? Obama poured more inflated dollars into the economy so that what we can do is go out by more stuff Made in China… China got rich. We created no jobs. Time for all that to stop.
We need a President that is going to bring manufacturing back to the United States. We need to start producing again or these kinds of numbers are going to continue.
In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S. government borrowed an additional $34.2 billion from foreign entities in order to fund U.S. government operations.
The U.S. government’s indebtedness to foreign interests has grown by 72.3 percent during President Barack Obama’s term in office. In January 2009, when Obama was inaugurated, the U.S. government owed $3.0717 trillion to foreign entities, according to the Treasury Department. That has increased by $2.2206 trillion—or 72.3 percent—to the record $5.2923 trillion reported for yesterday.