Let's hear it for Bush and Obama, the bipartisan spending machine!
By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.
Happy anniversary, boys and girls -- what shall we do to celebrate? Ain't life grand?
