Federal debt up to 13 Trillion Dollars (Not including healthcare)

FoxNews via YouTube ^ | 9/9/2009

[GVnana]

"The federal government is running out of money. The treasury is scrambling to borrow a trillion dollars over the next couple of weeks, raising the federal debt to 13 trillion dollars before healthcare reform."

650 Billion a year in interest.

Stuart Varney analysis.

Video at link.

[Graybeard58]

Point/Counterpoint

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.”

— Then-Sen. Barack Obama, 2006 floor speech before Senate voted to raise the nation’s debt limit to $9 trillion.

vs.

“Congress has never failed to raise the debt limit when necessary. Because members of both parties have long recognized the need to keep politics away from this issue, these actions have traditionally received bipartisan support. This is clearly a moment in our history that calls for continuation of that tradition.”

— President Obama’s Treasury secretary, Timothy Geithner, in urging Congress to raise the debt ceiling to $12.1 trillion.

http://www.rep-am.com/articles/2009/09/10/opinion/435958.txt

[jessduntno]

Does this include Congessmen’s hidden assets?

[taillightchaser]

I wonder if the ignorant sheeple will ever wake up and realize what this commie bastard is doing to our country.

[ldish]

no

[DennisR]

Call your Congressmen/-women and tell them you want:

1. The Federal government to limit spending to 15% of our cumulative adjusted gross incomes.
2. You want to see a plan from them on how they will retire the public debt.

Time to push back!

http://pushbackuntil.com

[GVnana]

Interesting site.

[JohnD9207]

Its really time for the Government to experience the recession it caused!

[EGPWS]

13 trillion?

Shoot, whats the big deal, it's still only double digit! /s

[screaminsunshine]

Maybe they ought to just print up a Quadrillion or two. Then they will not have to go through all this Dog and Pony Malarky every couple weeks.

[Cementjungle]

I wonder if the ignorant sheeple will ever wake up and realize what this commie bastard is doing to our country.

It's all you-know-who's fault.. The One has brought us back from the brink! This month he's going to get free healthcare for the entire planet, and next month he's going to eliminate nukes, and then bring world peace and harmony.

If this doesn't happen, then it's still you-know-who's fault.

[george76]

Plus the unfunded liability of social security, Medicaid...

$70 trillion ? .

[KoRn]

Are 60 votes required in order for the Senate to raise the debt limit? This would be a great target for a filibuster.

[snowsislander]

$13 trillion refers to the debt ceiling, not the debt. The highest value for the public debt so far has been $11,812,870,150,873.53, set at August 31's close of business.

The Treasury Department has a very handy website for finding these values at http://www.treasurydirect.gov/NP/BPDLogin?application=np.

[GOPJ]

bump to the top

[Rodm]

Well the US is on the verge of a total financial collapse.

[The Duke]

The interest alone on this amount greatly exceeds the annual defense budget for all branches of the armed forces.

Beyond insane.

[GVnana]

Exactly what Varney pointed out. We're at 11.8 trillion. Our current ceiling is 12.1 trillion. We are "rapidly approaching" that limit.

Our national debt is increasing by 100 billion dollars every five weeks.

[GVnana]

Watch the video.

[unkus]

Does this include Congessmen’s hidden assets?
___________________________

No, those assets are Off Shore somewhere.