BLITZER: Earlier today President Obama signed an executive order officially creating a controversial bipartisan commission on debt reduction. Today the federal debt is nearly $12.4 trillion, and it goes up every second.Take a look at this chart that shows the federal debt amount since 1995. You can see the line steadily rise then take a sharp turn upwards at the beginning of the millennium. The projected gross federal debt for this year is around $13.8 trillion, and by 2015, it’s projected to come close to a staggering $20 trillion, the nation’s debt by then.Heading up the…
from: http://www.realclearpolitics.com/articles/2010/02/18/interview_with_bowles_and_simpson_104481.html
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