U.S. Debt On Track to Hit $16 Trillion Within Week

Discussion in 'Politics' started by beretta304, Aug 27, 2012.

  1. beretta304
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    beretta304 BANNED

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    Since Obama took office on Jan. 20, 2009, the debt has increased $5,349,641,980,231.06. That is as much as the entire debt accumulated by the United States from the founding of the country in 1776 until Feb. 28, 1997, when President Bill Clinton was in his second term.


    Thus, under Obama, the debt has increased more than under all presidents from George Washington through George H.W. Bush combined.


    U.S. Debt On Track to Hit $16 Trillion Within Week | CNSNews.com
     
  2. editec
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    editec Mr. Forgot-it-All

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    The money is suppsedly all FIAT and worthless, but the somehow the debt is still real?

    :lol:
     
  3. Mac1958
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    Mac1958 Platinum Member

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    .

    Balanced Budget Amendment.

    How in the world can we continue to willingly give these buffoons free access to the cookie jar?

    As long as we do, this is OUR fault.

    .
     
  4. Papageorgio
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    Papageorgio The Ultimate Winner

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    Yep, and guess who we will elect?

    People that will ad to the debt.
     
  5. beretta304
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    beretta304 BANNED

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    It's not just the debt in and of itself. There will always be debt. The question is on what scale. More importantly what do we have to show for it. I'd say based on the amount, there isn't much.
     
  6. Mr. Shaman
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    Mr. Shaman Senior Member

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  7. Matthew
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    Matthew Blue dog all the way!

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    Where on gods earth is all this money going? Bush didn't have deficits anywhere near this.
     
  8. G.T.
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    G.T. Diamond Member

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    Adjust all Presidents' debt for inflation, and then recalculate for a more honest perception.
     
  9. beretta304
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    beretta304 BANNED

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    Adjusted or unadjusted, it's unsustainable.
     
  10. G.T.
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    G.T. Diamond Member

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    According to?

    The fact is, the debt has not gone down in over 60 years.

    All the Republicans who said that when they get elected they'll be some uber Financially responsible guru, yepp - debt was raised.

    People were born.

    People died.

    Debt never went down.

    Let all of those coffins know when they should worry. Until it matters, I'll consider it just a fear-mongering tactic to be used on dupes during elections.
     

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