National Debt
Welcome to Obama America: National debt is now above official debt limit (Exceeded the statutory Debt Limit approved by Congress last February)
The latest calculation of the National Debt as posted by the Treasury Department has - at least numerically - exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill.
The ceiling was set at $12.104 trillion dollars. The latest posting by Treasury shows the National Debt at nearly […]
Worried about U.S. debt? Send your donation here (Yes, really)
Not sure what to give Uncle Sam this Christmas? How about a nice, fat check to help whittle away at the $7.6 trillion national debt?
The U.S. Treasury Department accepts gifts, payable to the Bureau of the Public Debt. Just mail them to the attention of Department G, Post Office Box 2188, Parkersburg, West Virginia, 26106-2188. […]
$4700 Debt for Every Citizen: One Trillion, Four Hundred Twenty Billion Dollars (Last year’s deficit was $459 billion)
One trillion, four hundred twenty billion dollars. It’s an astounding number. It’s more than the entire economy of India and enough to give every man, woman, and child in the United States $4700.
It is also our country’s federal budget deficit for 2009. That means that in the fiscal year 2009, which runs from October 1, […]
Senate to increase national debt above $13 trillion; Dems looking for political cover…
The Senate must soon increase the national debt limit to above $13 trillion — and Democrats are looking for political cover.
Knowing they will face unyielding GOP attacks for voting to increase the eye-popping debt, Democrats are considering attaching a debt increase provision to a must-pass bill, possibly the Defense Department spending bill, according to Democratic […]
U.S. issues $7 trillion debt…
The U.S. government will have issued $7 trillion in bonds by the time the current fiscal year ends next week, but it expects the debt deluge to stabilize by mid 2010, a Treasury official said on Wednesday.Though markets and the economy are improving, efforts to provide a firm foundation for recovery will require increases to […]
President George W. Bush:”This is a dangerous world …Obama Has No Clue”
President George W. Bush’s former speechwriter Matt Latimer reveals that Bush considered Barack Obama unfit for the White House and predicted that vice presidential candidate Sarah Palin would be a disaster for the GOP.
“After one of Obama’s blistering speeches against the administration, the president had a very human reaction: He was ticked off,” Latimer writes […]
More Debts:Obama Asks Senate To Increase Debt Ceiling…
The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink.
The move will highlight the nation’s record debt, which has been central to Republican attacks against Democratic congressional leaders and President Barack Obama. The year’s deficit […]
China ‘cutting down purchases of US Treasury bonds’ (Via Google News)
China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday.China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country.
But Treasury Department data shows […]
U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs
The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years […]
Just How Much is $1 Trillion: “$1 Million A Day Since Jesus Was Born”
Here is a CNN Report on just how big $1 Trillion is, the expected size of President Obama’s Economic Stimulus Plan. It includes the quote from Republican Sen. Minority Leader Mitch McConnell saying that if we started spending $1 Million the day Jesus Christ was born, and spent $1 Million every day since then, we […]