Posted on 06/20/2018 2:56:44 PM PDT by davikkm
As the Obama administration comes to a close, the administration leaves the US with the highest national debt the country has ever seen, approaching 20 trillion dollars. Richard Wolff, professor of economics at The New School, says that following the bailout in 2008, the government did not want to raise taxes to match the costs of the stimulus package that would be used to kick-start the economy. Instead, the government borrowed the money from foreign governments such as China and Japan. Wolff states that the process of receiving foreign loans is only a short term solution and does not eliminate the country’s economic problems as it only further drives the country into debt. RT’s Manilla Chan reports.
(Excerpt) Read more at investmentwatchblog.com ...
I got excited when I read the start of the headline: “Obama Leaves Country”...
Me too.
It’s apparently Fake News....
.……..I think one day we will wake up and read that Obama, Biden, Jarrett, Hillary and others STOLE billions.
“Borrowing strategy”? Try the nonsensical “stimulus strategy” - the utterly boneheaded idea which he implemented early in his first term, that literally throwing away close to $1 trillion will “stimulate” the economy.
Shockingly stupid and equally shocking - NO accountability along with NO coherent reasoning.
(Nobody with with half a brain would believe such balderdash but the fact that some idiots actually believed it was enough for Obama, in his quest to take down America.)
Obama earned prison time for the damage he did to America. There might be provisions of the Anti-Deficiency Act that apply to put him on trial now.
20 Trillion more than the other presidents left us with ?
There! Fixed it.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."Justice John Marshall, Gibbons v. Ogden, 1824.
"Smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most appropriations laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
Patriots need to support Pres. Trump in leading the states to repeal the 16th and ill-conceived 17th Amendments.
There, fixed it.
Of course they did. But what they do is give it to their masters who then funnel it back to them by donating to their foundations, putting them on their boards for high paying do nothing work, hire their children, ghost write then sell their dumbass books nobody reads or buys, stock tips, loans that nobody else can get...
I often feel that after listening to the way Obama
speaks to the Press and to other groups he believes
that he can regain the office of the Presidency.
I think he believes he and his Democrat
commies can be put in power again.
Socialism Is Legal Plunder - “The Law”; Frederic Bastiat.
http://bastiat.org/en/the_law.html
Rules for Changing a Limited Republican Government into an Unlimited Hereditary One - Freneau
10. “Divide and govern”....
11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.
6. But the grand nostrum will be a public debt...
http://www.constitution.org/cmt/freneau/republic2monarchy.htm
21+ trillion but who’s counting.???...
DEFUND / DESTROY (as necessary) socialist collectives, foreign and domestic.
DEPOPULATE socialists/totalitarians from the body politic.
It’s easy to...
live - free - republic
MYGA / MAGA
Wall Street is the problem.
Goldman Sachs is the Jewel in the Crown with the problems with what’s wrong in the US.
GS is the Jewel in the Crown of welfare queens.
Seems the Bush purges are in full swing here.
Muh, muh, muh ‘K.
Muh, muh, muh ‘folio.
Muh, muh, muh ‘vestments.
Muh, muh, muh ‘tirement.
Ok, here’s the next question... how much has our debt grown since Obama left the White House?
The debt increased by almost 10 trillion dollars because there was never an actual budget passed during the Obama years. The government was financed by an omnibus bill which simply took the amount from the previous year (including the stimulus), increased by some % every year.
Congress is complicit in this as they never took a stand on which agencies needed to have more or less money.
Do not let the Republicants of the hook.
Bttt!
Bttt!
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