They've always got their trusty "get out of jail free" cards:
Posted on 08/03/2011 4:08:26 PM PDT by RummyChick
US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.
Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.
(Excerpt) Read more at news.yahoo.com ...
Is anyone surprised?
Obama has made us a just little more like Europe.
U.S. Economy, R.I.P.
Yay! Congratulations!/s
Michele Bachmann earned my support by voting against this.
http://www.reuters.com/article/2011/08/03/us-usa-policymakers-idUSTRE7725O920110803
Analysis: Obama, Bernanke out of ammo to boost jobs, growth
Bankrupt.
Bankrupted by both parties.
Either we take over the GOP or we need our own party. Which is it?
Thgere would have been NOI defaulkt on our nations debt, UNLESS Obama chose not to do so. The revenue of the US Government is about 220 billion per month from all sources. The debt service is about 30 billion per month. With about 190 billion to pay for the res to end. of the government. That includes medicaid, and social security payments, BUT some of Obamas designer entitlement programs would not have been paid. Obama chose to create a crisis over his pet programs.
THERE WAS NO DANGER OF DEFAULT. There was a danger that Obama’s entitlement programs would have to end. That IS what all of this was about.Inclorrowing, US revenues per month with the extra borrrowed income will be about 320 billion per month.
But soon we will run out of that extra borrowed money too, taxes will go up,to pay for Obamas special entitlement programs. Obama will try to buy his re-election.
They've always got their trusty "get out of jail free" cards:
The list, ping
Let me know if you would like to be on or off the ping list
Has anyone mapped out where all of the soup lines are going to be located?
Hey Mom - are we broke yet?
I personally like those sorts of nice, round numbers. Easier to remember.
Perspective: Less than 550 elected people have just outspent the entire gross domestic product of over 300,000,000 people and the once greatest, once richest country on earth.
Think about that when people say there is no ‘Political class’ and that Tea Party people are ‘terrorists’.
They took it from us..so I believe we can take it back.
All we need to do is get some out and get some in. The primary season is about to hit.
Just in front of the fema camps? Free showers!
“If [Tea Partiers] were real domestic terrorists, shoot, President Obama would be wanting to pal around with us, wouldn’t he?” - Sarah Palin
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.