Letter: Federal spending at unprecedented level c

The Obama Administration is spending our money at unprecedented levels and it is projected to continue for years into the future. Our annual federal deficit is approaching $1.5 trillion and will probably hit $2 trillion before long. Our national debt is projected to go from $14 trillion now to $25 trillion in five to eight years.
As of Nov. 30, 2010, the following are the top 10 countries holding U.S. Treasury Securities in billions of…