How high can it go

I bashed Bush when he let our debt soar higher and higher...but Obama is in a whole different league to himself. Our national debt has hit a record of $11 trillion. And this is only the beginning. Obama wants to keep on spending and spending. Just wait and see what happens to our debt if they pass cap and trade or national health care.

The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history.

The new Treasury Department figures on the national debt were released as the non-partisan Congressional Budget Office is expected to project that the annual budget deficit will be higher than previously estimated by the White House's Office of Management and Budget. The debt, which refers to the cumulative amount of money the government owes, hit $10.9 trillion on Friday.

The whopping number has major ramifications for President Barack Obama, who is trying to push through a raft of big-ticket bills on health care, energy, education and climate change — while also attempting to stabilize the swooning economy.