Lore wrote:
We are paying bills we already owe.
Nefarious is right.
When a bill is paid using borrowed money, it just creates a new bill. Nothing has really been paid off----you've just shifted the debt to a new creditor. Thanks to Obama and the huge growth in the deficit we've seen over the last five years , the US now must pay about 250 BILLION dollars each year in interest on the debt. That money would be much be better spent on infrastructure. intercity train service, high speed internet networks, college scholarships, NASA, NSF etc.
Obama adding another 380 billion to our debt just today just makes it worse, and the obama administration projects they'll run the debt up to over 20 TRILLION before they leave office after the 2016 elections.