Obama’s trip–that is, only his travel to and from Vegas–will cost taxpayers over $1.6 million.It will cost "each" of us less than a penny
~~WHY DO YOU POST SUCH STUPID ANSWERS?? SO what if it costs less tha a penny ea. He running it on our credit card. we are heading towards 17 trillion in debt .look it up what we are paying a day in interest? If he spent time in DC doing his job instead of campaigning full time ,he thinks he's move star gotta have the smiling idiots in front of him,it's disgusting ,it really is. the only thing worse is fools that can't see it. ~~NATIONAL DEBT CHART FROM HELL
CHART: Interest On National Debt Vs. Defense Spending
Washington's Spending Insanity Must Be Stopped
We're borrowing money to pay interest on money we've already borrowed.
In a decade, federal spending to pay for the interest on America's debt will exceed total spending on the defense budget by $125 billion, or 20 percent, according to CBO.
In fact, the interest payments are likely to be even higher, since these assumptions are based on the historically low interest rates remaining the same, which is not likely over the course of the next decade.
"If interest rates rise just 1% point above baseline projections, the government would pay an additional $1 trillion in interest payments over ten years." The projections are based on President Obama's current budget plan. Overall, his budget would increase federal spending 58% - from a budget size of $3.6 trillion today to $5.9 trillion in 2022.