Tuesday, November 19, 2013

Treasury Forced to Issue $1,000,000,000,000.00 in New Debt in FY14

That's one trillion dollars now over $17 trillion and growing by billions. Many have said that they would vote for Obama again. (A survey taken after Blago was indicted said that 30% surveyed  would vote for Blago again) Of course they would. They are worse than Socialists and many of those would like to see a Castro type government here. That's how dependent on the government at least 30% of the adults in the U.S. have become.

Others are complacent. Just like in Germany before Hitler.

So sad.


Anonymous said...

Care to quote a source?

Merle Widmer said...

cnsnews.com 11/19/13

BrianG said...

It is always funny to see Conservative Republicans rail against the national debt and arguing for fiscal responsibility with a straight face.

At the end of WWII the ratio of debt to GDP was 121.7%. During the era of those damned "tax and spend" liberal New Dealers, the ratio dropped to 32.5% for Jimmy Carter's last budget. Ronnie Reagan and his supply-siders busted the budget

Then Bill Clinton came to office and pleased the bond markets to no end, and by 2000 we had Ayn rand acolyte Alan Greenspan testifying that the biggest threat to our economic livelihood was paying down the debt too fast, so we had to pass the Bush tax cuts.

The deficit is shrinking and most of our governmental shortfalls are due to an under performing economy which are due to Republican sabotage and their neoliberal democratic accomplices.

Readers should check out this chart. http://www.census.gov/statab/hist/HS-49.pdf