Obama didn't spent 3.5 trillion this year. He has spent something like 450b. 1.3 trillion is bailout signed by Bush still bleeding its ass over. The rest is the correction of war costs not previously on the budget by Bush and then, increases that naturally happen being it costs us like 800b-1t a year to run the Country.
Anyway... We can't pay off the debt if the dollars paying the debt is a debt. But it's fun to talk about it like we can.
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