More like Hungary.
10 million billion-pengos.
Posted on 10/18/2013 11:02:52 AM PDT by navysealdad
U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion increase is an all-time record, shattering the previous high of $238 billion set two years ago.
(Excerpt) Read more at washingtontimes.com ...
Who in the world is happy about borrowing more money? I know I’m kinda happy when I pay something off. Then again they are not the ones paying it off...
I agree. There is no fixing it. The debt 0bama and the Dems have run up is just too big. A fatal wound.
America is financially dead.
Why stop at printing 80 billion a month in fake money? Why not 100 billion or 200 billion? Why not a trillion a month? After all it is just fake money being created by typing on a keyboard. What difference does it make?
They can print money to pay their bills, we cannot.
Correct that the real money is in the vast middle class. Next they will go after pensions and savings, a la Poland.
Yep...probably ONE WORLD GOVERNMENT
Well they held the debt still for how many months......of course after they got the money they already spent they would adjust it...liars all of them
“100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000 - See more at: http://www.cnsnews.com/news/article/100-days-treasury-has-kept-debt-frozen-16699396000000#sthash.vARjpe3M.dpuf";
According to the chart at this site,
http://www.humblelibertarian.com/2009/06/us-federal-spending-figures-startling.html
entire federal budgets didn’t exceed $300 billion until some time in the 1970s. Now it’s a daily deficit amount. Truly sickening!
More like Hungary.
10 million billion-pengos.
Every “surplus” listed there after 1957 is a LIE.
1957 is the last fiscal year the national debt decreased.
That is only Public debt and excludes Intra-Govt. debt which included would erase Clinton`s “surplus”.
Earlier today it was reported the debt grew another $328 billion dollars, the day after the new debt deal passed and signed. So that makes this obamma’s 5th year of over $1 trillion debts/per year he has shoulder this country with.
Bush’s final year was only $498 billion.
When will it ever stop growing? And who is going to pay it back?
We raise the debt limit and spend it the same day. When I was much younger a kid was bugging the crap out of his daddy trying to get him to give him some money. Finally his daddy handed him a nickel and said “Don’t spend that all in one place.” Apparently none of these folks in congress had smart daddies.
“Wasn’t it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?”
“The man is insane.”
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Actually I considered that to be one of the few things he has ever said that makes sense. Raising the debt ceiling actually does nothing to raise the debt just as raising the ceiling in your house does not make you taller. If you have a credit card with a five thousand dollar limit and you owe five thousand on it and the bank raises the limit to ten thousand that does not raise your debt, it is when you run out and buy a new TV, a new room of furniture etc. on that card that runs up the debt. I have all kinds of credit cards with a balance of zero, if the bank triples the limit on them tomorrow I will still have a balance of zero.
Of course the debt has been increasing all along, they just kept juggling figures to try to pretend otherwise and now that the debt ceiling is not being enforced they admit to it but just as he says raising the debt ceiling did not increase the debt.
I occasionally see references to the “SURPLUSES” that the country supposedly enjoyed during some of the Clinton years but everytime I checked during those years the national debt was still increasing, I still have not figured out how you run a surplus while increasing the debt.
“Sandbaggin’ SOBs. Now we know why there was no change in the debt the past several months.”
Because they continued to borrow beyond the debt limit...more proof that not raising it would not force default.
What money? More like fiat digital equivalent toilet paper.
We care,
T-H-E P-E-O-P-L-E W-H-O E-L-E-C-T-E-D O-B-A-M-A D-O N-O-T.
Any questions?
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