Just three years, House Minority Leader Nancy Pelosi, D-Calif., said that the United States government doesn’t have “a spending problem,” a position President Obama has reportedly taken in private but avoided saying in public.

About News (March 2016) notes, "The first, and largest, is how much debt has been added since Obama took office. On January 20, 2009, when he was sworn in, the debt was $10.626 trillion.

Today it's slightly more than $19 trillion. That's why most people say Obama added nearly $9 trillion to the debt, more than any other President."

And it should be noted that this analysis does not include FY2016 results while will add over $500 billion in deficit spending when books close.   US CBO UPDATE

Oddly, Nancy Pelosi was lying about us not having a spending problem.    We all know Democrats only tell the truth; but she's wrong.   We have record revenues in the first Quarter FY 2016 so we've actually now achieved record spending despite President Obama telling us the recession is over and that would mean we don't need all the spending he's added for an emergency.

Here's the dirty secret that most of you likely don't know.   Our media won't report this because it would require us to hold Barack Obama accountable.

When G. W. Bush left office in January 2009, there was a budget in effect (FY 2009).  It would have had a $200 billion deficit as passed.    When Barack Obama was finished with his add-ons for "emergency spending", he inflated that budget by over $900 billion and those costs were shifted to Bush's Presidency, not to Obama's even though Obama added the debt.    Sadly, the worst news is that Obama and the Democrats used the FY2009 budget with all of the extra spending as the new baseline budget instead of going back to the original FY2009 budget passed under Bush.    Instantly, Obama and the Democrats padded Federal spending by $1 trillion overnight and have done so ever since.   And the Democrats controlled the House and Senate through January 2011 when they lost control of the House.   And it wasn't until January 2015 that the Senate went Republican.   So most of all of the problem of fiscal insolvency lies with the Democrats.

What must happen now is that we must cut a minimum of $1 trillion out of our budget.    Since the Democrats are crowing about how great the economy is doing, the emergency is over and we must go back to the original FY2009 budget and then add in inflation to set our new FY2017 budget.

And we must start with every program that is not specifically granted as a power to the Federal Government by the Constitution.

At this point, the defense department will be exempt.

And yes, we must stab entitlements in the heart and cut all welfare and human services programs by 25%; we must cut our education budget by 40%; we must cut every other department by no less than 15%.

We have no more time - no more room to whine and to complain about the poor people who will be impacted.    We must go back to requiring single adults to go without any welfare unless they are mentally or physically unable to work - and that does not mean that we can have an inflation of back pain cases like we had during the entire Obama Presidency where people went on disability after their unemployment insurance ran out.     We can no longer tolerate people who can otherwise take care of themselves to be supported by taxpayers.   We can no longer tolerate unmitigated reproduction while women are on welfare; we need to implement a zero tolerance policy on adding children AFTER going on the government dole; women will be required to cease sexual activity and/or use birth control (provided by taxpayers) to prevent pregnancy; however, if any children are added to that family, then the mother will be required to choose between putting that child up for adoption or being kicked off welfare.

Since human services and entitlements make up the fastest growing and largest segment of the budget, we must slash spending here and reducing each families' handout by 40% on all accounts.   We must abolish the Earned Income Tax credit; we must require the poor to pay a minimum of 1% of their income (and benefits) in taxes so they feel the pain the rest of us feel.

It is guaranteed that if we follow this above policy we will balance the budget and if we hold to only added the cost of inflation to the budget, we will actually have surpluses and we can start paying down the national debt; you all cannot fathom what our interest costs will be like if interest rates increase.   We must act now to get ahead of this - we cannot afford another Democrat - we cannot afford any Progressive as President.   We must have fiscal responsibility -and we must act absolutely now! 

Treasury Ran $98 Billion Deficit in July -- But Debt Stayed Exactly The Same $16,699,396,000,000  Instead, even as the Treasury was running up the $98-billion deficit it reported in the July Monthly Treasury Statement, every one of the 22 Daily Treasury Statements published for July said the Treasury had closed out the previous business day with exactly $16,699,396,000,000 in debt. The Daily Treasury Statement for Aug. 12, released Tuesday afternoon, says the debt remained stuck at exactly $16,699,396,000,000 during the first 12 days of this month, too. On May 17, the first day the Treasury reported that the debt had hit exactly $16,699,396,000,000--and was thus just $25 million below the legal limit--Treasury Secretary Lew sent a letter to House Speaker John Boehner saying he was beginning to implement what he called "the standard set of extraordinary measures" to prevent the Treasury from exceeding the legal limit on the federal debt. Since Lew sent that letter--announcing that he would use "extraordinary measures"--the debt has remained stuck at exactly $16,699,396,000,000 for 87 straight days. That includes all 31 days in July when Lew's Treasury says it was running a $98 billion deficit. When Lew stops using "extraordinary measures" to keep the debt at exactly $16,699,396,000,000, the government will have another debt-limit crisis COMMENT - It is entirely plausible that the Treasury with the approval of the President, the smartest man in any room he occupies, is PRINTING money to cover this problem - it has been reported in other sources that the Treasury is printing some $85-$100 billion in money and buying our debt.   This printing money explains the explosion of the stock market because the dollars find there way there.   Unfortunately this creates a huge stock market problem that will make 1929 look like a rodeo clown show. (CNS News) The Treasury Department's Financial Management Service (FMS), which publishes both the federal government's official Daily Treasury Statement and its official Monthly Treasury Statement, is reporting that in July the federal government ran a deficit of $98 billion but that the federal government's debt remained exactly $16,699,396,000,000 for the entire month. The FMS said that the deficit went up $98 billion ($97,594,000,000) in the Monthly Treasury Statement for July, which it released on Monday. At the same time, the FMS said the debt stayed at exactly $16,699,396,000,000 in its Daily Treasury Statements, which are published every business day. The Daily Treasury Statements show the daily value of the federal government debt that is subject to a legal limit set by Congress. At the static $16,699,396,000,000 level that the Treasury reported for every day of July, the debt was just $25 million below the legal limit of $16,699,421,000,000 that was set in a law passed by Congress and signed by President Barack Obama. If Treasury's daily statements were to declare that the government had borrowed an additional net $98 billion to cover the $98 billion deficit the Treasury declared in its monthly statement for July, the Treasury would be conceding that the government had already surpassed the legal limit on the debt--and has been violating the law by continuing to borrowing additional money.