Posted on 08/26/2011 8:33:44 PM PDT by NaturalBornConservative
- What? Obama Borrowed $4 Trillion in 2 1/2 Years?
- By: Larry Walker, Jr. –
It was back on July 3, 2008 when Barack Obama exclaimed, “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.”
Now, just two and a half years into his one-term proposition, Barack Obama has added $4 trillion to the national debt by his lonesome, so what does that make him? Today we have a national debt of $14.6 trillion that we are going to have to pay back -- that’s $46,935 for every man, woman and child, and $130,786 for every U.S. taxpayer. It may be stated that Obama’s record on the national debt is 320 times more irresponsible, and 320 times more unpatriotic, no? But let’s just call it, “Not Change”. I know, I know, I can “go straight to Hell”, right Maxine Waters?
“You hypocrite, first take the plank out of your own eye, and then you will see clearly to remove the speck from your brother's eye.” - Matthew 7:5
So what’s the plan, Stan? More ‘temporary’ shovel ready jobs? Overthrow another Libya? Form a government-run infrastructure bank (LOL)? Add another 99-weeks to unemployment benefits? Raise taxes on $250,000-aires? Form another debt commission? Raise the debt ceiling, raise the debt ceiling, raise the debt ceiling? Create a super-committee? Build a bullet train to nowhere? Tighten the noose around Gadaffi? Fix health care again? Another temporary Social Security tax cut? Extend the 100% bonus depreciation write-off on corporate jets and SUVs? Blame the Tea Party and Republicans? Give another speech? Take another bus tour to nowhere? Play another four-year round of golf?
Nah! I don’t think so. Looks like a one-term proposition to me, if that. Now it’s Obama vs. Obama. A kind of lose-lose hypothesis. Heck, this guy couldn’t even beat himself. We might as well bring Bush back. Or maybe we’d be better off without a President at all. How about a “none of the above” bubble on the next ballot? I’d rather have no President at all than four more years of misery. Hey Obama, why don’t you just do us all a favor by resigning right now?
It’s time for serious solutions. Give me something to die for. Give me a candidate I can stake my name and reputation on. Dazzle me with common sense. Show me how it’s really supposed to work. Rock my free-market world. Naturally, we independent small business types will be placing principles above personalities, so you best watch what you say, and do.
"A bill will be presented to the Congress for action next year. It will include an across-the-board, top-to-bottom cut in both corporate and personal income taxes. It will include long-needed tax reform that logic and equity demand ... The billions of dollars this bill will place in the hands of the consumer and our businessmen will have both immediate and permanent benefits to our economy. Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy." - John F. Kennedy, Aug. 13, 1962, radio and television report on the state of the national economy.
Related:
Read more: John F. Kennedy on taxes
What Austerity? - Federal spending will hit a new record this year.
Just What We Need, A Government Bank - Outrage
Conn Carroll: Infrastructure bank is just another stimulus boondoggle
Obama’s Failed Jobs Subsidy | 99 Weeks
Photo via: http://ibloga.blogspot.com/2009/02/new-one-trillion-dollar-bill.html
X'ref: America's Independent Party
cool chart
Bump.
OBAMACARE, “IT’S SHOVEL READY”
Pop quiz:
1. Who was the first US President to preside over a 100 billion Dollars annual Federal budget?
2. Who was the US President to cease the printing 1000 dollar bills?
3. How deep a hole would be required to bury a stack of 1000 dollar bills for a total of :
a.) a Million dollars?
b.) a Billion dollars?
c.) a Trillion dollars?
Assumptions: The thicknesses of 1 and 1000 dollar bills are the same; 1000 dollar bills are still being printed; There is no air space between the 1000 bills.
Clue: THis is an “Open-Internet” quiz. ( I used Google and a couple more to check on Google.).
It depends on whether you’re talking about real dollars, or nominal (worthless) dollars. Since the dollar has lost 96% of its value since 1913, which year’s dollars are the real dollars. In other words, I dunno!
It depends on whether you’re talking about real dollars, or nominal (worthless) dollars. Since the dollar has lost 96% of its value since 1913, which year’s dollars are the real dollars. In other words, I dunno!
I think that you are talking about the VALUE of a dollar. Last I heard a Mercury silver dime was worth about 50 US dollars at the current rate of exchange. So much for the “value” of a dollar.
The quiz refers to the rag/paper that has a 1 or a 1000 dollars printed on it. The primary concern is the thickness of the rag/paper.
For the sake of simplicity, let us assume also that a 1000 dollar bill would be equivalent to 1000 dollar bills with 1 dollar printed on them.
The value of the dollar would be an interesting question to design a quiz around, as that would involve an understanding of money exchange rates which would be beyond my present limited knowledge. Ping me when you post that quiz. I always like to learn new things.
The first intent of this quiz is to promote interest in your article, and especially to promote your graph. ( I’m old-school, so I call it a graph, not a “chart.”).
The second intent of this quiz is to provide a self-taught visualization of the depth of THE VALLEY OF DEBT.
Actually a Morgan Silver Dollar is worth about $40 in very good-very fine condition. Therefore, a Mercury dime might be worth $4 in the same condition. Both are 90% silver, 10% copper. Weight is proportional to face value.
Of course this is based on metal value. Either coin could have numismatic value much higher.
I might take you up on your offer!
The 50 dollar value was based on the value of silver, gold, and the dollar. My source was a talking head on CNBC. Prices of the metals have changed since then ( 1 month ago).
My point was that value is complex, numbers printed on a bill are a tad more simple.
Step right up! Take a chance on the pop quiz! Be the first on your block to get a correct answer!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.