Posted By Andrew Luck
A Natural Born Human

The national debt of the United States reached the record level of $13 trillion, which means that every US citizen owes the world $42,000. It seems that the US administration does not seem to care much about the fact. Barack Obama believes that it is the fault of the previous government. Obama stated during his speech at Pittsburgh that his administration was not guilty of the enormous national debt. He said that he took office during the time of the crisis, when the economic recession in the country resulted in the creation of a huge hole of $3 trillion in the budget of the country.

Obama did not refer to George Bush personally, but said that the increase of the state debt was a consequence of the politics run by the administration of his predecessor. The amount of the national debt has increased by $4.9 trillion during eight years of Bush’s presidency.

US Treasury slips into the red announcing $13 trillion debt
You may read the full story at http://english.pravda.ru/world/americas/04-06-2010/113670-usa_national_debt-0