Posted on 06/22/2012 9:09:41 AM PDT by Oldpuppymax
Our national debt has risen more than $5 trillion dollars during Obama’s administration, more than what it increased under all previous 43 presidents combined.
The number of Americans on Food Stamps has risen from 32 million to over 46.4 million in Obama’s three years in office.
At $3.59 the average price of gasoline is $ 1.74 MORE than it was the day Barack Obama was sworn in.
Twenty two percent of American children live in poverty; the highest level in 30years.
For forty straight months, every single full month of Obama’s reign, unemployment has been 8%.
Forty two percent of American workers are living paycheck to paycheck.
Fifty three percent of college graduates under 25 are either unemployed or under employed.
The Federal Reserve has monetized 61% of our national debt. This means we are “selling” government bonds to other government agencies.
Eighty six percent of 60 + American workers will continue working past their 65th birthday.
Ninety five percent of the jobs lost in Obama’s depression have been lost by middle class workers.
To satisfy local state and federal taxes the average working American has to put
(Excerpt) Read more at coachisright.com ...
Fact # 23:
The illegitimate, bisexual, Marxist Kenyan Muslim Usurper could eat a live negro fetus on the set of “The View” and the zombies will still vote for him.
“This means we are “selling” government bonds to other government agencies.”
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I’m having a hard time wrapping my head around this particular economically pathological, Commie strategem.
What “agencies” would “buy” government debt? And for what purpose? Most importantly, what happens WHEN, not if, they don’t “pay it back”.
Sorry for the surfeit of quotes, but this is clearly a criminal shell game that makes a sham and mockery of solid economic concepts.
Since the national debt is now about $15 trillion, simple arithmetic shows that the sentence above cannot be true.
Doesn't matter, they are all dealing with imaginary money tracked by their made-up rules. Where it becomes real is how it affects real money interest rates and inflation. Economists say if the fed gov had to follow regular accounting rules the real yearly deficit is in the $4 to $5 trillion range b/c future spending (national debt interest, social security, medicare, etc) would have to be factored in.
The part that frequently gets left out of the doubled statement is that it is the -public portion- of the national debt that has doubled. The part of it held by individual investors, investment groups, retirement funds, etc. This doesn’t include debt bought and held by the FED and other government agencies.
The part that frequently gets left out of the doubled statement is that it is the -public portion- of the national debt that has doubled. The part of it held by individual investors, investment groups, retirement funds, etc. This doesn’t include debt bought and held by the FED and other government agencies.
“Where it becomes real is how it affects real money interest rates and inflation. Economists say if the fed gov had to follow regular accounting rules...”
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The REAL question remains then, as it have for some time, WHEN will this all come home to roost?
"If I had a son he would look like this fetus." (Chomp, chomp, chomp...)
The public portion of the debt has gone up about 70%. - link
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