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U.S. Approaches $15 Trillion Debt Limit
ABC News ^ | November 03, 2011 | Matthew Jaffe

Posted on 11/05/2011 12:06:39 AM PDT by RobinMasters

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1 posted on 11/05/2011 12:06:39 AM PDT by RobinMasters
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To: RobinMasters

The bipartisan elites want to impose tax hikes on the country while doing nothing to reverse the course we’re on. So far they’ve papered over the real problem and no amount of raising the debt ceiling repeatedly will solve it.


2 posted on 11/05/2011 12:15:04 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: RobinMasters
Our $100 Trillion National Debt

Yes, you read that correctly; 15 trillion is about 1/5 of the story.


3 posted on 11/05/2011 12:22:25 AM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; one box left.)
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To: RobinMasters

We should be able to spend ourselves out of this situation easy enough...


4 posted on 11/05/2011 12:25:15 AM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

As Bill Gates pointed out the other day, if you confiscate all the wealth from the 1% the OWsers like to trash, you won’t make a dent in the national debt.

We sure as heck are not going to tax our way back to prosperity.


5 posted on 11/05/2011 12:32:15 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop
As Bill Gates pointed out the other day, if you confiscate all the wealth from the 1% the OWsers like to trash, you won’t make a dent in the national debt.

They don't care. It will make The Rich feel sad, and anything is worth that to these children of the rich (or the jealous basement-dwellers). A liberal believes FEELING a certain way is in itself a moral achievment. So as long as they really, really hate The Rich, then they have achieved moral superiority to those who don't FEEEL that way.

Taking their money won't solve the problems they claim to care about? Ahhh, so what? Stop trying to protect yer rich buddies! It'll make The Rich sad, that's an accomplishment worth sleeping in a tent for.

6 posted on 11/05/2011 12:52:06 AM PDT by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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Comment #7 Removed by Moderator

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8 posted on 11/05/2011 2:44:06 AM PDT by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: goldstategop
As Bill Gates pointed out the other day, if you confiscate all the wealth from the 1% the OWsers like to trash, you won’t make a dent in the national debt.

It's not just the 1% they're after... The 1% is what they want to start with because they know the rest of us will stand by and watch until they eventually get up to 30 or 40%.

9 posted on 11/05/2011 2:58:19 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: RobinMasters
debt-direction2

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10 posted on 11/05/2011 2:58:35 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: RobinMasters

DEFUND socialist collectives, foreign and domestic.


11 posted on 11/05/2011 3:26:28 AM PDT by PGalt
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To: RobinMasters; ex91B10
A National Debt Of $14 Trillion? Try $211 Trillion
12 posted on 11/05/2011 5:36:28 AM PDT by blam
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To: blam


13 posted on 11/05/2011 5:58:59 AM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; one box left.)
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To: ex91B10

Interesting read, but there’s no reason to include “unfunded liabilities” in a calculation of the nation’s debt. Any one of those liabilities could vanish in an instant through a change in Federal law . . . and all them probably will, at some point in the future.


14 posted on 11/05/2011 6:23:49 AM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: RobinMasters

[trying out a new tagline.]


15 posted on 11/05/2011 6:32:59 AM PDT by the invisib1e hand (Hail to the Thief)
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If FR Is Your Garden Of Sanity, Please Feed It


Click The Pic

16 posted on 11/05/2011 6:39:55 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: RobinMasters

So, what’s the current debt ceiling?


17 posted on 11/05/2011 6:42:09 AM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: RobinMasters
As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 trillion is a foregone conclusion.

No problem Congress, after much BS, will simply raise it.

Remember folks, they can't skim if they don't spend and when it comes to the fascist, they can't spend what they don't have so they have to borrow to spend and they have to spend to skim and/or get kickbacks.

This debt limit stuff isn't news, it simply a smoke screen to distract from rising food and fuel prices.

Those that work for me earn a good and fair wage, my company is non union because they have decided and voted that it is better for them to be non union, but profits and hours are down and many are concerned with the prices of food and fuel.

18 posted on 11/05/2011 6:44:32 AM PDT by JakeS (I have never had a flu shot and I have never had the flu.)
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To: PLMerite

Duh, never mind. If the headline is accurate.


19 posted on 11/05/2011 6:51:32 AM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: Dixie Yooper

I’d like to see a breakdown of annual income related to those percentages.

I don’t think people who have a job realize how close to that 1% they are.

With 2 decently-paid wage earners in the family, if they make 200,000 a year, where are they, percentage-wise? Are they in the top 5%? 3%?


20 posted on 11/05/2011 7:52:35 AM PDT by FrogMom (There is no such thing as an honest democrat!)
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