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This is the "fundamental change", he should not be allowed to destroy this country like this, and should be made to answer on this debt but he won't be, I am begining to beleive they all know that this economy is doomed under him. Normally the masses would have risen up by now and demanded that the insanity stop but I am afraid that too many have fallen beholden to government and are afraid that if they don't support sugar daddy their benefits will dry up.
1 posted on 12/26/2012 5:28:48 PM PST by Typical_Whitey
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To: Typical_Whitey

The CBO’s bottom line: If we go over the fiscal cliff, the second Obama administration will accumulate $1.5 trillion in deficits for 2013-2017 ($300 billion per year), for a “modest” deficit of less than two percent of GDP. If Obama gets his full wish list and avoids the fiscal cliff, the CBO’s alternate fiscal policy projections yield a cumulated 2013-2017 budget deficit of $4.5 trillion. In this case, the second Obama administration will run annual deficits of almost a trillion dollars a year.


2 posted on 12/26/2012 5:31:31 PM PST by Wisconsinlady (The only thing to stop a bad person with a gun, is a good person with a gun.)
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To: Typical_Whitey

Socialism Is Legal Plunder - Bastiat

BIG GOVERNMENT IS CRONY SOCIALISM

http://www.usdebtclock.org

DEFUND socialist collectives, foreign and domestic.

DEPOPULATE socialists from the body politic.

“Above all, if you wish to be strong, begin by rooting out every particle of socialism that may have crept into your legislation.” - Bastiat


4 posted on 12/26/2012 6:53:06 PM PST by PGalt
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To: Typical_Whitey

Obama’s sole goal is the destruction of this Country! If he can, the debt will not just be $20 Trillion, it will be more.


5 posted on 12/26/2012 7:42:01 PM PST by 21st Century Crusader (August 26, 1191)
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To: Typical_Whitey
Country % of GDP
(CIA / Eurostat)[1][2]
Date % of GDP
(IMF) [3]
Date Region
 Albania 59.4 2011 est. 58.92 2011 Europe
 Algeria 6.6 2011 est. 9.92 2011 Africa
 Angola 24.5 2011 est. 30.90 2011 Africa
 Antigua and Barbuda 130.0 2010 est. 74.55 2011 North America
 Argentina 42.9 2011 est. 44.20 2011 South America
 Armenia 35.10 2011 Europe
 Aruba 46.3 2005 North America
 Australia 30.3 2011 est. 22.86 2011 Oceania
 Austria 72.9 2011 72.20 2011 Europe
 Azerbaijan 4.7 2011 est. 10.23 2011 Asia
 Bahamas 48.61 2011 North America
 Bahrain 75.3 2011 est. 36.46 2011 Asia
 Bangladesh 36.7 2011 est. Asia
 Barbados 103.9 2011 est. 117.25 2011 North America
 Belarus 50.24 2011 Europe
 Belgium 98.7 2011 98.51 2011 Europe
 Belize 83.6 2011 est. 80.35 2011 North America
 Benin 31.33 2011 Africa
 Bhutan 78.9 2011 est. 82.00 2011 Asia
 Bolivia 40.5 2011 est. 32.88 2011 South America
 Bosnia and Herzegovina 39.1 2010 est. 40.63 2011 Europe
 Botswana 20.3 2011 est. 17.26 2011 Africa
 Brazil 54.4 2011 est. 66.18 2011 South America
 Brunei Darussalam 0.00 2011 Asia
 Bulgaria 16.3 2011 17.04 2011 Europe
 Burkina Faso 29.44 2011 Africa
 Burundi 35.27 2011 Africa
 Cambodia 28.60 2011 Asia
 Cameroon 16.2 2011 est. 12.87 2011 Africa
 Canada 83.5 2011 est. 84.95 2011 North America
 Cape Verde 77.58 2011 Africa
 Central African Republic 40.90 2011 Africa
 Chad 32.15 2011 Africa
 Chile 9.4 2011 est. 9.91 2011 South America
 China 43.5 2011 25.84 2011 Asia
 Colombia 45.6 2011 est. 34.67 2011 South America
 Costa Rica 44.5 2011 est. 30.76 2011 North America
 Côte d'Ivoire 65.8 2011 est. 90.53 2011 Africa
 Croatia 58.0 2010 est. 45.57 2011 Europe
 Cuba 34.9 2011 est. North America
 Cyprus 72.4 2011 71.84 2011 Europe
 Czech Republic 41.2 2011 41.46 2011 Europe
 Democratic Republic of Congo 31.99 2011 Africa
 Denmark 46.5 2011 46.43 2011 Europe
 Djibouti 55.46 2011 Africa
 Dominica 78.0 2009 est. 69.88 2011 North America
 Dominican Republic 36.4 2011 est. 29.26 2011 North America
 Ecuador 22.1 2011 est. 17.98 2011 South America
 Egypt 85.7 2011 est. 76.45 2011 Africa
 El Salvador 57.1 2011 est. 50.79 2011 North America
 Equatorial Guinea 5.5 2011 est. 8.35 2011 Africa
 Eritrea 133.82 2011 Africa
 European Union 82.5 2011 Europe
 Estonia 6.1 2011 6.04 2011 Europe
 Ethiopia 42.3 2011 est. 37.26 2011 Africa
 Fiji 53.89 2011 Oceania
 Finland 49.3 2011 48.56 2011 Europe
 France 86.5 2011 86.26 2011 Europe
 Gabon 18.3 2011 est. 20.45 2011 Africa
 Gambia, The 68.77 2011 Africa
 Georgia 33.88 2011 Europe
 Germany 82.0 2011 81.51 2011 Europe
 Ghana 38.7 2011 est. 43.39 2011 Africa
 Gibraltar 7.5 2008 est. Europe
 Greece 165.3 2011 est. 160.81 2011 Europe
 Grenada 86.61 2011 North America
 Guatemala 24.5 2011 est. 24.06 2011 North America
 Guinea 72.19 2011 Africa
 Guinea-Bissau 45.23 2011 Africa
 Guyana 62.1 2011 est. 61.75 2011 South America
 Haiti 10.63 2011 North America
 Honduras 29.6 2011 est. 28.12 2011 North America
 Hong Kong 10.1 2011 est. 33.86 2011 Asia
 Hungary 80.6 2011 80.45 2011 Europe
 Iceland 130.1 2011 est. 99.19 2011 Europe
 India 51.6 2011 est. 68.05 2011 Asia
 Indonesia 24.5 2011 est. 25.03 2011 Asia
 Iran 11.6 2010 est. 12.70 2011 Asia
 Iraq 86.92 2011 Asia
 Ireland 108.4 2011 104.95 2011 Europe
 Israel 74.0 2011 est. 74.34 2011 Asia
 Italy 120.9 2011 120.11 2011 Europe
 Jamaica 126.5 2011 est. 138.98 2011 North America
 Japan 208.2 2011 est. 229.77 2011 Asia
 Jordan 60.7 2011 est. 69.78 2011 Asia
 Kazakhstan 16.0 2011 est. 10.88 2011 Asia
 Kenya 48.5 2011 est. 48.94 2011 Africa
 Kuwait 6.8 2011 est. 7.35 2011 Asia
 Kyrgyzstan 52.44 2011 Asia
 Laos 57.36 2011 Asia
 Latvia 42.6 2011 37.77 2011 Europe
 Lebanon 137.1 2011 est. 136.22 2011 Asia
 Lesotho 39.65 2011 Africa
 Liberia 13.92 2011 Africa
 Libya 4.7 2011 est. 0.00 2010 Africa
 Lithuania 38.5 2011 38.96 2011 Europe
 Luxembourg 18.6 2011 20.85 2011 Europe
 Macedonia 24.8 2010 est. 28.11 2011 Europe
 Madagascar 5.68 2011 Africa
 Malawi 36.8 2011 est. 42.46 2011 Africa
 Malaysia 53.5 2011 est. 52.56 2011 Asia
 Maldives 69.10 2011 Asia
 Mali 32.6 2011 est. 30.64 2011 Africa
 Malta 73.0 2011 70.94 2011 Europe
 Mauritania 92.40 2011 Africa
 Mauritius 60.2 2011 est. 50.63 2011 Africa
 Mexico 37.5 2011 est. 43.81 2011 North America
 Moldova 21.3 2010 est. 23.39 2011 Europe
 Montenegro 38.0 2006 45.83 2011 Europe
 Morocco 65.0 2011 est. 54.39 2011 Africa
 Mozambique 43.0 2011 est. 33.20 2011 Africa
 Myanmar 44.32 2011 Asia
 Namibia 27.4 2011 est. 21.85 2011 Africa
 Nepal 34.07 2011 Asia
 Netherlands 65.9 2011 66.23 2011 Europe
 New Zealand 33.7 2011 est. 37.04 2011 Oceania
 Nicaragua 70.5 2011 est. 72.03 2011 North America
 Niger 18.94 2011 Africa
 Nigeria 17.6 2011 est. 17.86 2011 Africa
 North Korea 0.4 2007 est. Asia
 Norway 48.9 2010 est. 49.61 2011 Europe
 Oman 3.8 2011 est. 5.06 2011 Asia
 Pakistan 60.1 2011 est. 60.12 2011 Asia
 Panama 41.7 2011 est. 37.83 2011 North America
 Papua New Guinea 22.3 2011 est. Oceania
 Paraguay 17.4 2011 est. 13.66 2011 South America
 Peru 21.7 2011 est. 21.64 2011 South America
 Philippines 49.4 2011 est. 40.47 2011 Asia
 Poland 56.3 2011 55.39 2011 Europe
 Portugal 108.5 2011 106.79 2011 Europe
 Qatar 8.9 2011 est. 31.48 2011 Asia
 Republic of the Congo 22.17 2011 Africa
 Romania 33.3 2011 32.96 2011 Europe
 Russia 8.7 2011 est. 9.60 2011 Asia/Europe
 Rwanda 23.43 2011 Africa
 Saint Kitts and Nevis 200.0 2011 est. 153.41 2011 North America
 Saint Lucia 77.0 2010 est. 71.95 2011 North America
 São Tomé and Príncipe 74.43 2011 Africa
 Saudi Arabia 9.4 2011 est. 7.52 2011 Asia
 Senegal 33.2 2011 est. 40.62 2011 Africa
 Serbia 39.5 2010 est. 47.89 2011 Europe
 Seychelles 46.2 2011 est. 83.02 2011 Africa
 Sierra Leone 59.96 2011 Africa
 Singapore 118.2 2011 est. 100.79 2011 Asia
 Slovakia 43.5 2011 44.63 2011 Europe
 Slovenia 48.5 2011 47.31 2011 Europe
 Solomon Islands 22.64 2011 Oceania
 South Africa 35.6 2011 est. 38.77 2011 Africa
 South Korea 33.3 2011 est. 34.14 2011 Asia
 Spain 69.3 2011 68.47 2011 Europe
 Sri Lanka 78.5 2011 est. 78.2 Asia
 St. Vincent and Grenadines 90.0 2010 est. 71.41 2011 North America
 Sudan 100.8 2011 est. 73.14 2011 Africa
 Suriname 20.57 2011 South America
 Swaziland 17.53 2011 Africa
 Sweden 38.4 2011 37.44 2011 Europe
 Switzerland 38.7 2010 est. 35.0 2011 Europe
 Syria 34.4 2011 est. Asia
 Taiwan 34.9 2011 est. 40.80 2011 Asia
 Tajikistan 35.35 2011 Asia
 Tanzania 36.9 2011 est. 44.39 2011 Africa
 Thailand 40.5 2011 est. 41.69 2011 Asia
 Togo 30.84 2011 Africa
 Trinidad and Tobago 31.7 2011 est. 32.35 2011 North America
 Tunisia 51.8 2011 est. 42.41 2011 Africa
 Turkey 42.4 2011 est. 39.44 2011 Asia/Europe
 Turkmenistan 15.35 2011 Asia
 Uganda 25.0 2011 est. 29.22 2011 Africa
 Ukraine 44.8 2011 est. 36.50 2011 Europe
 United Arab Emirates 43.9 2011 est. 16.89 2011 Asia
 United Kingdom 86.8 2012 82.50 2011 Europe
 United States 105.5 2012 est. 102.94 2011 North America
 Uruguay 51.0 2011 est. 54.19 2011 South America
 Uzbekistan 7.7 2011 est. 9.10 2011 Asia
 Venezuela 36.3 2011 est. 45.50 2011 South America
 Vietnam 57.3 2011 est. 37.97 2011 Asia
 Wallis and Futuna 5.6 2004 Oceania
 Yemen 37.2 2011 est. 42.52 2011 Asia
 Zambia 27.3 2011 est. 26.07 2011 Africa
 Zimbabwe 230.8 2011 est. 70.33 2011 Africa

6 posted on 12/26/2012 8:24:15 PM PST by SeekAndFind
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To: Typical_Whitey

And should interest rates return to sensible levels by 2020, our annual interest expense on the national debt will approach a trillion per year.


7 posted on 12/26/2012 8:43:22 PM PST by Will88
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To: Typical_Whitey

Nobama is just like Pelosi. 20 trillion on spending = 10 trillion in revenue. Unfortunately shoving 20 trillion down a rat hole = 20 trillion squandered by rats.


9 posted on 12/26/2012 8:55:23 PM PST by eyedigress ((zOld storm chaser from the west)/?)
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To: Typical_Whitey

Not only the enormity of the debt, but the squandering of 100s of billions is of biblical proportions. Cash for clunkers, cash for caulkers, green grants for crony quasi businessmen and just plain bad business decisions by amateurs.

The media are either to stupid or afraid of being ostracized to report the truth.


10 posted on 12/26/2012 9:07:09 PM PST by The_Media_never_lie (Actually, they lie when it suits them! The crooked MS media must be defeated any way it can be done!)
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To: Typical_Whitey
At a trillion and a half overspending each year, I predict 25+ trillion.

And it's entirely possible that other things like the $400 trillion derivatives bomb will hit first, wiping out every major bank along with most of their shareholders and depositors in one fell swoop. That kind of thing will wipe out the entire economy as all iou's will be called in and even the govt will be powerless to do anything.

It's going to be a dark decade ahead.

11 posted on 12/26/2012 9:35:03 PM PST by HeartlandOfAmerica ("We have prepared for the unbeliever, whips and chains and blazing fires!" Koran Sura 76:4)
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To: Typical_Whitey

People don’t care. They want their benefits and nothing is going to be cut in 2013.

People live on the margins as it is. And the plebes need to be distracted by “bread and circuses” just like in the Roman days.


12 posted on 12/27/2012 1:24:53 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Typical_Whitey

Thanks To ObamaCare, Many Will Lose Health Coverage

By SALLY C. PIPES
Posted 12/26/2012 05:56 PM ET

Wal-Mart just announced that it will not offer health insurance to new employees who work less than 30 hours a week. It’s reserved the right to do the same for existing workers.

For these new policies, Wal-Mart’s employees can thank ObamaCare.

The federal health reform law’s “employer mandate” requires companies with over 50 employees to provide insurance for anyone working 30 or more hours a week or face fines. That creates a strong incentive for companies to push their workers into a workweek fewer than 30 hours — and thereby avoid the additional costs ObamaCare intends to saddle them with.

Wal-Mart isn’t alone. The employer mandate will make it harder for many businesses to operate efficiently, to hire new employees — or to ensure that existing employees can stay on full time.

Papa John’s CEO John Schnatter recently came under fire for stating that the employer mandate will take a bite out of his company’s pie. He said that his pizza chain’s franchisees would likely cut back employee hours — and that ObamaCare would add up to 14 cents to the cost of each pizza.

http://news.investors.com/print/ibd-editorials-viewpoint/122612-638365-health-care-reform-cost-jobs-coverage-obama.aspx


13 posted on 12/27/2012 7:23:50 AM PST by KeyLargo
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