- Infowars - http://www.infowars.com -

$253.5B—Obama Borrowed Nearly 6x as Much in February as Sequester Cuts All Year

Posted By Adan On March 5, 2013 @ 9:33 am In Economic Crisis,Old Infowars Posts Style | Comments Disabled

Terence P. Jeffrey
CNS News
March 5, 2013

During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion.

That one-month increase in the debt was nearly six times as much as the $44 billion in spending cuts the Congressional Budget Office estimates will take place in all of fiscal 2013 as a result of sequestration.

At the close of business on Jan. 31, 2013, the federal debt was $16,433,791,850,294.04, according to the U.S. Treasury. At the close of business on Feb. 28, 2013, the federal debt was $16,687,289,180,215.37. Thus, the federal debt increased $253,497,329,921.33 during the month.

Read full article

Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/253-5b-obama-borrowed-nearly-6x-as-much-in-february-as-sequester-cuts-all-year/

Copyright © 2013 Infowars. All rights reserved.