. . . steal the money . . .

[Wolfgang, SASS #53480]

Not sure about the 100% correctness of the figures . . . .

 

 

 

 

Do you think that someone could steal 150 million dollars and get away with it? Well, the truth is that such a theft is taking place every single hour of every single day. The federal government is stealing 150 million dollars an hour from our children and our grandchildren and Barack Obama thinks that is a good thing. The new Obama budget projects a $1.33 trillion federal budget deficit for the 2012 fiscal year. That is significantly higher than the $1.15 trillion that the Congressional Budget Office was projecting because it includes a whole bunch of stimulus spending that the Obama administration plans to do. So let's do a little math. When you divide $1.33 trillion by 365 days, you get 3.6438356 billion dollars. So on average, the United States will be adding more than 3.6 billion dollars to the national debt every single day during fiscal 2012. And when you divide $3.6438356 billion by 24 hours, you get 151.8 million dollars. So on average, the U.S. national debt will be going up by more than 151 million dollars every single hour during fiscal 2012 if Obama has his way. This is a theft from our children and our grandchildren that is so vast that it is almost unimaginable.

The 2012 budget deficit that the Obama administration is projecting would be equivalent to approximately 8.5 percent of GDP. We simply cannot afford to be running these kinds of outrageous budget deficits year after year.

At the moment, the U.S. national debt is sitting at a grand total of $15,355,838,921,022.16. That is an amount that is so large that it is hard to even put into words.

At this point our national debt is greater than 100% of our national GDP. We are on the road to national financial disaster and yet our politicians keep piling up debt at a rate that is absolutely mind blowing.

The Obama administration is projecting that budget deficits will go down "in the future", but that is what our politicians always do. They always promise that the budget picture will improve "down the road", but that never actually happens.

According to the Bush administration, we were supposed to be swimming in huge budget surpluses by now.

So how did that work out?

Our politicians always promise to cut spending, but it never actually comes to pass. We are always told that cutting spending would be too damaging to the economy "right now" but that they will definitely start cutting things later on.

For example, just check out this recent quote from White House Chief of Staff Jack Lew....

“The time for austerity is not today,” Lew told NBC News “Meet the Press.” “If we were to put in austerity measures right now, it would take the economy in the wrong way.”

They always put budget cuts off for another day. They never want to do anything that could hurt the economy right now and threaten their chances in the next election.

The Republicans were the same way. Vice President Dick Cheney once famously said "deficits don't matter", and the Bush administration ran up horrific budget deficits.

Both political parties have let us down horribly.

Both political parties have voted over and over to steal gigantic mountains of money from our children and our grandchildren.

But our founders never intended for this to be the case. In fact, Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a complete ban on all borrowing by the federal government....

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

[Captain Woodrow Cahill, SASS # 54363]

Wasn't it Reagan who said "You can't spend your way into prosperity"?

 

I know this has been posted before ...

 

 

 

I saw an analysis of the whole debt mess the other day. When you talk billions and trillions of dollars, people glaze over.

 

Breaking it down smaller and comparing the government income and spending to a normal person:

If you make $32,000 a year, by the end of the year you will overspend and be in debt by $9,000.

And that's in addition to the $154,000 in debt you've already racked up.

 

The new budget gets us to government spending being 107% of GDP. Just like Greece.

 

Fasten your seatbelts. It's gonna be a bumpy ride.

[SGT. QUINCANNON, SASS #32999]

I'm actually starting to look forward to the Zombie Apocalypse that is due to start pretty soon. Lots of shooting, free ammo and groceries- who's with me?

[Hacker, SASS #55963]

The government needs to be able to borrow money in times of war/disaster and the like.

POTUS basically forced the house republicants to back down from increasing the debt ceiling.

The POTUS must act like a leader who is responsible to ALL the people and not just to his principles of turning this country into a socialist country.

Or at the least into a country that has only one party in power.

 

We must hold POTUS accountable for being a POS.

Remember to vote and if you live in chicago vote often.