Brutal Truth on Deficits and Debt
http://www.libertynews.com/2012/04/24/c ... -and-debt/
a must see
-
Skeeterman
- Posts: 1988
- Joined: Mon May 09, 2005 5:21 am
- Location: Skeeterville CA.
Re: a must see
That was good a real eye opener.
Re:A MUST SEE
VISUALIZED THE DEBT!
If each dollar was a second, a million would be 12 days
If each dollar was a second, billion would be 32 years
If each dollar was a second, Trillion would be 31,688 years
US Debt is $15,579,852, 946,457.00 as of April 2012, That is 491,334 years!!!
Projected National Debt will continue to rise:
By the end of 2012 it will be $16.3 trillion
By 2013 $17.5 trillion
By 2016 the National Debt will top $20 trillion if something is not done!!!
President George W. Bush last day in office the Debt was $10,626 trillion – President Bush added $4.899 trillion in 8 years in Office, overall spending increased of 42% (which is bad enough).
President Obama in 3 years and 2 months in office added $4.939 trillion more then President Bush added in 8 years!!!
If President Obama wins his second term that would mean the Debt will increase by 87% or $9.34 trillion during his two terms.
“Each year, the President of the United States submits his budget request to Congress for the following fiscal year as required by the Budget and Accounting Act of 1921. Current law (31 U.S.C. § 1105(a)) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February.”
In the last 3 years not one of President Obama budget has passed, even in the first 2 years when Democrats held congress!
President Obama whose failed policies have put our children and grandchildren in a huge burden of debt."
For those who believe there is no distinction between the Republican and Democrat Parties, consider the current state of things!
http://www.cbsnews.com/8301-503544_162- ... nder-bush/
If each dollar was a second, a million would be 12 days
If each dollar was a second, billion would be 32 years
If each dollar was a second, Trillion would be 31,688 years
US Debt is $15,579,852, 946,457.00 as of April 2012, That is 491,334 years!!!
Projected National Debt will continue to rise:
By the end of 2012 it will be $16.3 trillion
By 2013 $17.5 trillion
By 2016 the National Debt will top $20 trillion if something is not done!!!
President George W. Bush last day in office the Debt was $10,626 trillion – President Bush added $4.899 trillion in 8 years in Office, overall spending increased of 42% (which is bad enough).
President Obama in 3 years and 2 months in office added $4.939 trillion more then President Bush added in 8 years!!!
If President Obama wins his second term that would mean the Debt will increase by 87% or $9.34 trillion during his two terms.
“Each year, the President of the United States submits his budget request to Congress for the following fiscal year as required by the Budget and Accounting Act of 1921. Current law (31 U.S.C. § 1105(a)) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February.”
In the last 3 years not one of President Obama budget has passed, even in the first 2 years when Democrats held congress!
President Obama whose failed policies have put our children and grandchildren in a huge burden of debt."
For those who believe there is no distinction between the Republican and Democrat Parties, consider the current state of things!
http://www.cbsnews.com/8301-503544_162- ... nder-bush/
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