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Keyword: nationaldebt

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  • They are preparing for you

    12/27/2014 9:45:42 AM PST · by kindred · 41 replies
    conservativenewsandviews.com ^ | December 19, 2014 | Dwight Kehoe
    A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called “The New World Order”. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...
  • Politics: Obama and Facebook friends discuss distraction ideas as debt tops $18 trillion

    12/05/2014 3:01:09 PM PST · by EveningStar · 9 replies
    CainTV - Best of Cain ^ | December 5, 2014 | Michael Johnson
    Taco Tuesdays, anyone?
  • The national debt is now $18 trillion. How would you pay it off?

    12/02/2014 9:51:47 AM PST · by SeekAndFind · 79 replies
    Penn Live ^ | 12/02/2014 | By John L. Micek
    So here's a positively eye-watering number: America's national debt (not its deficit, which is something different entirely, so stop confusing them, please) is now a gobsmacking $18 trillion or $7 trillion higher than when President Barack Obama took office in 2008, The Washington Post reports.According to the right-leaning Powerline blog, "41 percent of the national debt of the United States, from George Washington to the present, has accrued during the Obama administration."(In case you were wondering, the 2014 budget deficit came in at a comparably smaller $483 billion, which "[represented] the smallest deficit as a percentage of GDP since the George...
  • The Problem of Pain

    10/21/2014 8:27:27 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | October 21, 2014 | Barney Brenner
    The problem of pain, to borrow a title from C.S. Lewis, is that with regard to our enormous national debt, there is none. As great an impending disaster as it’s alleged to be, you’d think there’d be signs of suffering. No less a luminary than Rush Limbaugh speaks of his Dad’s warning when Rush was a kid that this immense obligation, only $1 trillion at the time, would be our undoing. Yet now at 17 times that size, it appears just a calamity without a consequence. But the reason for this is simple: we’re engaged in the biggest can-kicking endeavor in...
  • National debt has doubled since financial crisis: Congressional Budget Office

    08/27/2014 9:24:30 AM PDT · by SeekAndFind · 11 replies
    Washington Examiner ^ | 08/27/2014 | BY JOSEPH LAWLER
    The federal debt this year will be double what it was before the financial crisis, Congress’ official budget scorekeeper projected Wednesday morning. The debt is on pace to reach 74 percent of the country’s economic output by the end of the year, double what it was in 2007 and the highest percentage since 1950, according to the Congressional Budget Office. In its update to its projections for the budget and economy, the agency slightly upped its estimate for the 2014 deficit, which it now expects to total $506 billion, a $170 billion decline from 2013. The federal debt this year...
  • The Era of Spiraling Debt: How Long Will the Scheme Last?

    08/05/2014 7:38:49 AM PDT · by SeekAndFind · 10 replies
    FrontPage Mag ^ | 08/05/2014 | Arnold Ahlert
    To the surprise of absolutely no one, the nationÂ’s debt has skyrocketed during President Barack ObamaÂ’s tenure. In a little over five and a half years, the Obama administration has added more than $7 trillion to the total, a number that represents more debt accumulation than the administrations of George Washington through Bill Clinton combined. At the close of business on July 31, the nationÂ’s debt was $17.6 trillion, with $7.06 trillion of it accumulated since Obama was inaugurated in 2009. CNS News offers some gut-wrenching perspective regarding the numbers: As of June, there were 115,097,000 households in the United...
  • Grim Milestone: Current Administration Adds $7 Trillion to National Debt

    08/04/2014 2:53:36 PM PDT · by Kaslin · 7 replies
    Townhall.com ^ | August 4, 2014 | Daniel Doherty
    On July 3, 2008, then-presidential candidate Barack Obama infamously called President George W. Bush “unpatriotic,” and his polices “irresponsible” for adding $4 Trillion to the country's "credit card." This was almost more than all other US presidents combined, he argued, and therefore was putting America on a dangerous path to fiscal insolvency. Less than six years into his own administration, however, the president has failed to reverse the untenable course set by his predecessor; and, indeed, is making America's heavy debt burden even worse. CNS News reports: The total federal debt of the U.S. government has now increased more than...
  • Spending and Morality

    07/09/2014 4:32:11 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 9, 2014 | Walter E. Williams
    During last year's budget negotiation meetings, President Barack Obama told House Speaker John Boehner, "We don't have a spending problem." When Boehner responded with "But, Mr. President, we have a very serious spending problem," Obama replied, "I'm getting tired of hearing you say that." In one sense, the president is right. What's being called a spending problem is really a symptom of an unappreciated deep-seated national moral rot. Let's examine it with a few questions. Is it moral for Congress to forcibly use one person to serve the purposes of another? I believe that most Americans would pretend that...
  • Argentina president defies US court order on repayment of debts

    06/17/2014 5:09:22 AM PDT · by Q-ManRN · 24 replies
    Fox News.com ^ | June 17, 2014 | FoxNews,com
    Argentina's president has said that she would refuse to comply with a U.S. judge's order to pay $1.5 billion to winners of a decade-long legal battle over defaulted debt after the U.S. Supreme Court refused to hear her government's final appeal. Delivering a nationally broadcast address Monday night, Cristina Fernandez expressed willingness to negotiate with the winners, but said there is simply no way that Argentina can pay the amount in cash, in full, starting just two weeks from now, which is what the U.S. courts have ordered. Under the U.S. court orders, Argentina must hand over $907 million to...
  • End the Debt Draft

    03/19/2014 11:49:06 AM PDT · by RWB Patriot · 6 replies
    The Ayn Rand Institute ^ | 3-13-14 | Dot Watkins
    Forty thousand dollars. That’s roughly your share of the U.S. national debt. That’s bad, but it’s nothing compared to the debt the government’s going to be racking up in the years ahead thanks mainly to America’s old-age welfare programs. As the Baby Boomers retire, the bill for Social Security and Medicare will grow fast, setting off a debt tsunami. Economists can estimate the difference between how much government is on track to spend and how much it will raise from taxes. They call this “the fiscal gap.” That number is astronomical: $205 trillion dollars, or more than half a million...
  • 5 Structural Problems That Are Destroying America

    03/15/2014 5:49:12 AM PDT · by Kaslin · 49 replies
    Townhall.com ^ | March 15, 2014 | John Hawkins
    The biggest fallacy in politics is that we need "another Reagan" or more "Tea Partiers" in Congress if we want to save the country. Granted, either would certainly help, but America's structural problems are much bigger than any personnel issues we have in D.C. Even if you're an extremely talented craftsman, you're going to have trouble building a house if the only materials you're allowed to work with are sand and straw. It wouldn't matter if Kobe Bryant, LeBron James, and Kevin Durant were all on the same basketball team if they were only allowed to put three players...
  • Obama's Budget Proposal - Lower Deficit, Higher Debt, Interest Keeps Growing

    03/05/2014 3:55:58 AM PST · by LD Jackson · 8 replies
    Political Realities ^ | 03/05/14 | LD Jackson
    If the news from the past few days hasn't been enough to dampen your fire, try this on for size. Tis the season for budget proposals in Washington. President Obama is the first to reveal what he wants to spend our money on, with Paul Ryan soon to follow. I'll try to take a look at Mr. Ryan's, when he turns it loose, but for now, all we have to go on is what the President has listed as his priorities. My friends, it is not pretty. It's more of the same, really. He wants more infrastructure spending, more education...
  • Boxer: 'Absolutely No Way We're Going to Cut Spending'

    03/03/2014 3:36:56 PM PST · by gooblah · 23 replies
    CNSnews ^ | March 3, 2014 - 11:23 AM | Eric Scheiner
    (CNSNews.com) - While discussing federal spending and transportation funding last week, Sen. Barbara Boxer (D-Calif.) said “there is absolutely no way we’re going to cut spending.” Boxer was discussing the Highway Trust Fund with members of the American Association of State Highway and Transportation Officials (AASHTO) in Washington on Feb. 26, when she addressed various tax increases that may be used to raise money for the program. - See more at: http://cnsnews.com/news/article/eric-scheiner/boxer-absolutely-no-way-were-going-cut-spending#sthash.bgvFVlLs.dpuf
  • Even Paul Ryan Can't Please Conservatives Anymore

    01/16/2014 3:15:25 PM PST · by SkyPilot · 78 replies
    National Journal ^ | 16 Jan 14 | Marina Koren
    This week's spending-bill fight revealed deepening fractures within the GOP, spelling trouble for 2016. Imagine the ground is splitting open beneath your feet. The rocking plates of earth slowly spread apart, and you're left straddling both sides to keep from falling in. That is how some of the most publicly visible GOP lawmakers are feeling right now. They must choose whose side they're on: establishment Republicans or the far-right flank. Ultraconservative groups are furious over the omnibus appropriations package that coasted through the Republican-led House on Wednesday. The bill, which would fund the government for the rest of the...
  • In Defeat for Tea Party, House Passes $1.1 Trillion Spending Bill

    01/16/2014 7:14:27 AM PST · by Qbert · 33 replies
    NYT ^ | 1/15/2014 | Jonathan Weisman
    WASHINGTON — The House voted overwhelmingly on Wednesday, 359 to 67, to approve a $1.1 trillion spending bill for the current fiscal year, shrugging off the angry threats of Tea Party activists and conservative groups whose power has ebbed as Congress has moved toward fiscal cooperation. The legislation, 1,582 pages in length and unveiled only two nights ago, embodies precisely what many House Republicans have railed against since the Tea Party movement began, a huge bill dropped in the cover of darkness and voted on before lawmakers could possibly have read it. The conservative political action committee Club for Growth...
  • President Obama's Legacy Of Economic Failure

    01/10/2014 10:59:32 PM PST · by Innovative · 18 replies
    Real Clear Markets ^ | Jan 10, 2014 | Wayne Brough
    Since taking office in 2009, it has been tough sledding for the economy. Congress and the administration have increased the federal debt held by the public from $7.5 trillion to $11.2 trillion in 2012. To clarify, in terms of percent of gross domestic product-a measure of the nation's total output-the federal debt has grown from 54 percent of GDP in 2009 to 72 percent of GDP in 2012, according to the Congressional Budget Office. But sector by sector, the administration appears bent on imposing the regulations that thwart entrepreneurial activity and economic growth. ObamaCare, the jewel of Obama presidency, is...
  • The Day the Dollar Dies

    01/06/2014 12:56:44 AM PST · by Yosemitest · 53 replies
    May/June 2013 Trumpet Print Edition ^ | May/June 2013 Trumpet Print Edition | Robert Morley
    The Day the Dollar Dies America’s financial Pearl Harbor is coming December 6, 2015, 3 p.m. HKT, Hong Kong Twenty-one men representing China’s most powerful institutions file into a conference room atop the ICC Tower looming over Victoria Harbor. The Politburo Standing Committee has mustered the CEOs of China’s four largest banks, Sinopec, and several other state-owned multinationals, plus officers from the Central Military Commission and a pair of academics from China’s top technology universities. The general secretary formally opens the meeting.“As you know, the United States of America continues to manipulate its currency,” he begins. “It is devaluing...
  • The National Debt in One Picture

    01/06/2014 7:26:17 AM PST · by IbJensen · 32 replies
    Heritage Foundation ^ | 1/6/2014 | Kelsey Harris
    Congress is beginning its new year with a budget deal that busts right through “caps” it was supposed to have on spending. At Heritage, we want to hold Congress accountable for its tax-and-spend ways, even as Members claim there’s no room to cut. A good place to start is understanding the mountain of debt Americans are already under. Check out and share our infographic below that puts it in perspective.
  • The greatest conceit of mankind (importance of preparedness in uncertain times)

    01/04/2014 4:19:31 PM PST · by Perseverando
    WND ^ | January 03, 2014 | Patrice Lewis
    Welcome to the New Year. The usual platitudes for early January include wishes for greater success, greater health and all-around greater prospects. But we all know our nation faces some bleak times. Our constitutional rights are at an all-time low, and our national debt is at an all-time high. The government is spying on its citizens like never before, and anyone who thinks endless spending (such as “QE Infinity”) is the way to handle our economic issues is a blind fool. In short, while I won’t go so far as to make any dire predictions for what 2014 will bring...
  • Planned Parenthood received $540.6 million in tax dollars, performed 327,166 abortions in 2012

    12/11/2013 11:51:40 PM PST · by huldah1776 · 11 replies
    LifeSiteNews ^ | December 11, 2013 | Ben Johnson
    WASHINGTON, D.C., December 11, 2013 (LifeSiteNews.com) – Planned Parenthood performed 327,166 abortions last year while collecting more than half-a-billion dollars from U.S. taxpayers, according to its most recent annual report. The numbers represent a modest decrease from 2011 levels, when Planned Parenthood performed a record-setting 333,964 abortions and collected $542.4 million, or 45.2 percent of its total revenue, from government funding. “In 2012, abortions made up 93.8 percent of Planned Parenthood’s pregnancy services, while prenatal care and adoption referrals accounted for only 5.6 percent (19,506) and 0.6 percent (2,197), respectively,” the Susan B. Anthony List noted in a fact sheet....