$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama
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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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...
http://www.usdebtclock.org/