Filed under: Bureaucracy, Capitalism, Domestic Policy, Economy, History, National Security, Politics | Tags: Obama's Spending, Obama's Veto Threats, The Sequester
“Today I am pledging to cut the deficit we inherited in half by the end of my first term in office. T his will not be easy. It will require us to make difficult decisions and face challenges we hav long neglected. But I refuse to leave our children with a debt they cannot repay — and that means taking responsibility right now, in this Administration for getting our spending under control.”
…………………...B. Obama, Fiscal Responsibility Summit, 2/29/09
On January 20, 2009, the day President Barack Obama was inaugurated and saved the nation from the clutches of runaway capitalism, the national debt was $10,626,877,048,913.08; Obama acting more irresponsibly than any Wall Street Villain increased that by around $6,000,000,000,000. If Barack Obama paid the debt back a dollar a second it would only take him 126,750 presidential terms to “finish the job” and put us back on solid fiscal ground. Assuming the debt didn’t grow in the meantime.
The national debt as of 1/14/2013 increased to $16,449,738,665,622. It was going up at a rate of $3,303,000,000.00 a day. This is not going to end well.
US Debt Clock, today, Friday, September 11, 2015: US National Debt $18,382,356, 250,000. Debt per citizen:$57,139. Debt per taxpayer: $154,548.
The White House has threatened to veto a $577 billion defense spending bill. The White House is already threatening vetoes of two other House and Senate defense bills. And that follows four previous veto threats on spending bills for 2016 covering energy, veterans, transportation and crime. Obama has said he wants Congress to increase both defense and non-defense spending and will veto anly bills that keep the sequestration framework in place.
It was the 46th formal veto threat to come out of the Office of Management and Budget so far this year, putting Obama on pace to set a modern record for the 114th Congress.
Here’s a story about Washington’s largest monument: Government Debt.
Leave a Comment so far
Leave a comment