Friday, December 23, 2011

Treasury report shows U.S. debts growing

USA Today reports:
The Treasury Department gave President Obama an early Christmas lump of coal on Friday: the 2011 financial report of the U.S. government, which shows rapidly rising debts and was immediately deemed unauditable by the Government Accountability Office.

The report from Treasury Secretary Timothy Geithner shows the government owes $17.5 trillion to its creditors, retirees, veterans and others.
Should this institution take on more responsibilities since it can't handle what it's doing right now?