Posted by: The Admiral
on Apr 10, 2011
In the eight days leading up to the budget deal signed late Friday, the federal debt increased 54.1 billion dollars. Yeah, I know. 54.1 billion dollars in only eight days. Wow!
So that means the whopping 38.5 billion dollars in cuts, the largest in history that Obama is hijacking, taking credit for and implementing in to his reelection campaign, that 38.5 billion in cuts he had nothing to do with, taken away from the 54.1 billion dollars in just eight days means the government was still 15.6 billion dollars in the red just for those eight days.
That historic cut that everybody seems to want to take credit for amounted to just about a grain of sand on a beach. What's the point? Oh yeah. Politics.
According to the Bureau of the Public Debt, we are currently $14.2642 trillion in the hole as of April 7th. And to think, the politicians are patting themselves on the back, proudly touting how responsible they are and what a great job they did. Well, at least somebody thinks so.
Posted by:
on Aug 09, 2009
http://online.wsj.com/article/SB124970470294516541.html
One of the biggest mistakes a parent can make is giving a teenager a credit card.
Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.
Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.
