Obama's Change has Brought Record $11 Trillion Deficit

The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history.

The new Treasury Department figures on the national debt were released as the non-partisan Congressional Budget Office is expected to project that the annual budget deficit will be higher than previously estimated by the White House's Office of Management and Budget. The debt, which refers to the cumulative amount of money the government owes, hit $10.9 trillion on Friday.

The whopping number has major ramifications for President Barack Obama, who is trying to push through a raft of big-ticket bills on health care, energy, education and climate change — while also attempting to stabilize the swooning economy.

Sen. Kent Conrad (D-N.D.), chairman of the Budget Committee, said Tuesday that the numbers could force Congress to make "adjustments" to Obama's $3.6 trillion budget plan.

"It’s very important get a result for the American people and one that has the priorities that have been [announced] by the president in terms of reducing our dependence on foreign energy, that’s in all of our interests, excellence in education, health care reform and dramatic reduction of the deficit,” Conrad told reporters. “Those will be our guiding principles as we go forward, but as I say, we’ve not yet seen CBO’s new numbers. But I think we can all anticipate because they were done substantially later than OMB’s, that they are going to be more adverse. That that’s going to require all of us to make adjustments.” - Politico.com

Obama has already taken part in driving up the deficit to a record $11 Trillion. He will undoubtedly blame it on all of those that have come before him as he does with everything. He doesn't take responsibility for a single thing that happens.

The AIG bailouts, notice the White House was quick to throw their Treasury Sec. under the bus. He knew it and didn't tell me. Come on, grow a pair and be a man. Take some responsibility.

Obama is now out pushing his record budget, saying that this is the key to the long term rebuilding of the economy. blah, blah, blah. I have heard it all before, how important it is to spend billions and trillions or the sky will fall.

Reducing the deficit and getting fiscally responsible will be the key to the long term health of not only the economy, but of America as a whole. So far the critics of Obama's during the election have been almost dead on target of what a President Obama would do. Bigger bigger bigger Government, more spending, higher deficits, etc.

Keep watching we are barely into this mess.