Debt Increased $203 Billion in October

Discussion in 'Politics' started by M14 Shooter, Nov 3, 2011.

  1. M14 Shooter
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    M14 Shooter The Light of Truth

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    Debt Increased $203 Billion in Oct.--$650 for Every Man, Woman and Child in America | CNSnews.com

    It's more and more clear that The Obama plans to do as much damage as He can before He loses his job next year.
     
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  2. Vaard
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    Vaard Active Member

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    if only republicans were incontrol of the purse strings (house of represenatives) this kind of thing would not be happening......


    oh wait......
     
  3. M14 Shooter
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    M14 Shooter The Light of Truth

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    Superb attempt at deflection.
    :clap2:
     
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Dem Senate...still no budget.

    Republican Congress need to take the position that since Obama and Reid fail to act, Cut Cap and Balance is the Rule of the land
     
  5. eflatminor
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    eflatminor Classical Liberal

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    The central planners from both parties and their "give me more" minions are not happy to confiscate wealth from today's productive members of society...they need to fuck with those yet to be born as well. Nice.

    For those keeping track, October's increase in debt brings the total to $132,951 owed from each and every taxpayer...and rising FAST.
     
  6. M14 Shooter
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    M14 Shooter The Light of Truth

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    If the GOP did not cvontrol the house and had not forced spending cuts, the October deficit would only be worse.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Republican House needs to say "the Dems won't act, so we must!"
     
  8. WillowTree
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    WillowTree Diamond Member

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    We are just shy of 15 Trillion dollars. And, the demonRats keep saying we haven't spent enough.. remember that.
     
  9. M14 Shooter
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    M14 Shooter The Light of Truth

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    The US government brings in about $2.5T/yr in revenue.
    It boggles the mind that some people think we need to spend more than that.
     
    Last edited: Nov 3, 2011
  10. eflatminor
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    eflatminor Classical Liberal

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    Not only that, due to what is called "baseline budgeting", federal government spending goes up every year AUTOMATICALLY. Baseline budgeting is a method of developing a budget which uses existing spending levels as the basis for establishing future funding requirements. It assumes that the budget will grow say, 7% each year, and any budget that arrives at a figure lower than that is called a "cut." The baseline budget allows politician in Washington to spend more money every year while lying to us about their frugality.
     

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