$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama

Posted by $ Your_Name_Goes_Here 10 years, 11 months ago to Government
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I don't know how this can be! Our Dear Leader has told us that he's reducing our deficits. And the new Unaffordable Heathcare Act should net further reductions. I'm sure that by the time The One leaves office we will just be SWIMMING in cash!


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  • Posted by khalling 10 years, 11 months ago in reply to this comment.
    The majority of tea party attendees would not want their medicaid. Did you mean Medicare? They paid in for that. It is not sustainable or a good idea, but they deserve to get the value of their forced participation out of it (from their perspective-not mine). Besides, you are legally obligated to go through the medicare system first when you reach 65. Your other insurance must be secondary-it is not a good financial decision for most to pay in cash for their healthcare adn stay in the States. It is why many people retire to places where healthcare is good but relatively cheap. I completely agree with you about the Congress owning the debt. Absolutely.
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  • Posted by $ MikeMarotta 10 years, 11 months ago
    ... except for the fact that money bills must begin in the House where the Republicans have held a majority for the past four years (two House terms). The President only signs or vetoes the bills sent to him after being passed by both the House and the Senate. And this started under Bush with the bailouts following the wars.
    I was in a graduate economics class in 2009-2010 when our Marxist professor put up a chart of the growth of the money supply under Bush and called on the "conservatives" (me and another guy) to explain what it meant.

    Moreover, "we the people" do not actually owe the money: they, the government, do. No one is coming to your home for $150,000 in Federal Reserve Notes.

    The money supply is expanding. Prices will rise. Investments will fall. Your standard of living will diminish. The culprit is Congress. But Congress is elected by the people. Even self-identified "Tea Party" activists want their Medicaid... especially them because they tend to old folks. We have been through this before: "Not worth a Continental." (And that was a Congress of true and famous patriots...)

    Meanwhile, this was real money... and remained LEGAL TENDER all the way to 1857
    http://ngccoin-production.s3.amazonaws.c...


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