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Porter Stansberry: "You'll probably disagree with this"
Growth Stock Wire ^ | August 25, 2012 | Porter Stansberry

Posted on 08/25/2012 9:20:39 AM PDT by RicocheT

"We've averaged $1.5 trillion a year in federal deficit spending since OBAMA! was elected. That's about 41 cents out of every dollar the government spends. These new debts will total more than $6 trillion by the end of OBAMA!'s first term. It's hard for most people to understand what this means because the numbers are so big, they simply don't compute.

Think about it this way... That $6 trillion OBAMA! has borrowed is not only more money than any other president has ever borrowed before... But it's more money than every president has borrowed combined. When OBAMA! took office in 2008, the federal government was paying interest on $5.3 trillion in debt held by the public. By the end of this year, that amount will reach $11.3 trillion.

No one else will tell you this... But the OBAMA! administration has doubled the actual outstanding federal government debts held by the public. So not only has the nominal amount of debt soared, but it's also increasing at an all-time record rate. Our country, from a fiscal standpoint, is completely out of control. We're led by a bunch of monkeys, who can't even count bananas.

Think OBAMA! will be re-elected? Well, let's see... The U.S. has roughly 100 million households to which OBAMA!'s deficit spending alone has added $60,000 in federal deficit spending per family. For the average financially illiterate citizen, this seems like manna from heaven.

As one woman said at an OBAMA! rally... "I won't have to worry about putting gas in my car; I won't have to worry about paying my mortgage... If I help [Obama], he's gonna help me."

No president in history has ever delivered more economic benefits to more people who didn't pay for any of them. Who wouldn't vote for that guy again?"

(Excerpt) Read more at growthstockwire.com ...


TOPICS: Heated Discussion
KEYWORDS: deficit; economy; obama
When re elected, Obama will take our USA to a complete collapse - see 2016, the movie. Expect disorder, riots and a collapse of the economy & anarchy.
1 posted on 08/25/2012 9:20:51 AM PDT by RicocheT
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To: RicocheT

Te best proposal I have heard to curb Congressional spending is to eliminate the word “trillion” from all funding bills (or, better yet, from the English language). “Billion” is too entrenched, but it would be even better.

Think about it:

A $6 trillion deficit doesn’t sound so bad. A $6 thousand billion deficit might at least help some people understand what we are talking about.


2 posted on 08/25/2012 9:28:41 AM PDT by freedumb2003 (obozo could bring back literal slavery with chains and still he will get 85+% of the black vote)
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To: freedumb2003

But to liberals, none of this matters. All that matters is that Todd Akin said something stupid. And that Ryan wants to throw Granny off the cliff. And that Romney put the dog on top of the car. And that Romney allegedly didn’t pay taxes because he won’t release the tax returns.

And don’t forget that Rush Limbaugh was mean to Sandra Fluke. So now Sandra will be a featured speaker at the Democrat convention.

Add it all up, and we’re supposed to be liberal and vote for Obama, because the alternative would be bad for women, children, senior citizens, and society overall.


3 posted on 08/25/2012 9:47:23 AM PDT by Dilbert San Diego
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To: freedumb2003

But to liberals, none of this matters. All that matters is that Todd Akin said something stupid. And that Ryan wants to throw Granny off the cliff. And that Romney put the dog on top of the car. And that Romney allegedly didn’t pay taxes because he won’t release the tax returns.

And don’t forget that Rush Limbaugh was mean to Sandra Fluke. So now Sandra will be a featured speaker at the Democrat convention.

Add it all up, and we’re supposed to be liberal and vote for Obama, because the alternative would be bad for women, children, senior citizens, and society overall.


4 posted on 08/25/2012 9:47:41 AM PDT by Dilbert San Diego
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To: RicocheT
total more than $6 trillion

Here's a novel way of thinking about it. The speed of light is 186,000 miles per second ... if you travel for an entire year (24/7/365) at the speed of light you will have traveled about 6 trillion miles. Similarly, if you increase debt by $186,000 per second for every second in an entire year you will have increased debt by about 6 trillion dollars. WAY TO GO HUSSEIN .... you jackass !

5 posted on 08/25/2012 10:03:26 AM PDT by layman (Card Carrying Infidel)
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To: layman

>>Here’s a novel way of thinking about it. The speed of light is 186,000 miles per second ... if you travel for an entire year (24/7/365) at the speed of light you will have traveled about 6 trillion miles. Similarly, if you increase debt by $186,000 per second for every second in an entire year you will have increased debt by about 6 trillion dollars.<<

My favorite has been if you started today and spent a million dollars A DAY going backwards, you would be at 3/4 of a trillion dollars at the birth of Jesus. You would hit 1 trillion around the battle of Thermopylae.

To get to 6 trillion dollars (again, at a million dollars a day) you have to go back to 16 thousand years ago, when cave drawings were the height of technology.


6 posted on 08/25/2012 11:03:37 AM PDT by freedumb2003 (obozo could bring back literal slavery with chains and still he will get 85+% of the black vote)
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