The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Tuesday, March 17, 2015

DESTROYING AMERICA: Obama Has Created Larger Deficit Than EVERY Other President Combined

By clyde - Mar 17, 2015

A closer look at some of the numbers connected with the U.S. budget has found that in a mere six years Obama has created a deficit that adds up to more than the deficits of EVERY other president combined.

Joe Hoft took a look at the numbers and found this outrageous truth. This is part and parcel to Obama’s plan to destroy the USA, certainly.

A deficit occurs when annual government spending is greater than its revenues. When a government overspends resulting in a deficit, it must borrow money to stay afloat. Currently the US the government has over $18 Trillion in US Debt. This is the result of years of overspending. Of the $18 Trillion in US Debt, $13 Trillion is debt owed to the public but $5 Trillion is debt the government owes to other government agencies, like Social Security, where the government borrowed from these agencies when it needed money. The $13 Trillion in debt owed to the public is due to deficit spending and the accumulated interest payables related to the large amount of debt.

TO READ MORE: http://gopthedailydose.com/2015/03/17/destroying-america-obama-has-created-larger-deficit-than-every-other-president-combined/