Setting yet another record, the Treasury is set to borrow $361 billion during the second quarter.  To cover the government’s intensifying borrowing needs, Congress raised the national debt limit to $12.1 trillion as part of the “stimulus” package back in February.  National debt currently stands at $11.1 trillion and is rising fast.  So, while President Obama tells Americans that we need to become a nation of savings and investment once again, the government continues to borrow and spend its way into massive debt.  It’s the old “Do what I say, not what I do approach.”

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