Obama trying real hard to spend $3 million per minute - and succeeding!

Have you got $46,000? That's how much your portion of the national debt is, should it be divided equally. Wait, you pay taxes? Then your share, if divided only amongst taxpayers is more like $130,000. The good news? The government accepts payments. The bad? Since President Obama took office, the amount you owe has increased by nearly half. How much is that per minute? 

LOS ANGELES (Catholic Online) - About $3 million dollars. Per minute. Can you spend money that fast? Maybe if you're a president and you try real hard.

Don't you wish you could just go on vacation and forget about it? Apparently the president has, but the debt keeps growing, even while he's finishing up the 18th hole.

Of course, interest rates are low, almost criminally low, in fact. So low, that it's fairly easy for the government to borrow money from future generations, or foreign powers, like our good friends from China. Of course they're our friends, they hold the second single largest share of US debt--after the American people themselves.

With rates so low, and infrastructure so deteriorated in the US, Obama has borrowed again and again, hiking the debt by nearly 50% in just two-and-a-half years. Of course, Bush did the same--except he had to fight an inconvenient war on terror, provide unprecedented protection for US citizens, and bail out Wall Street to avert a full-blown financial collapse. He also took eight years to do what Obama has done in less than three. 

As the deficit spirals ever-upward, so does unemployment and claims on entitlement programs. Perhaps it doesn't matter. Some jobs are being created. Just like the ones created by the ordering of the 1.1 million dollar busses. That's right, busses--nobody can build just one. 

As the balance of the national credit card rises, it becomes a legitimate concern over who's going to pay the bill. Such concerns prompted Standard and Poor's to downgrade US credit rating to AA. Of course, the Obama administration is spending some of that borrowed money now to investigate S&P for their downgrade and other questionable ratings practices. Good timing?  

Of course, with all that money, we should see something, right? Aside from a fancy bus, a conflict in Libya, with another brewing in Syria, it is difficult to tell just what America has to show for your $130,000 contribution to the cause.

But we can wait another four years to see, right? Yes, yes we can.

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