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U.S. debt jumps $300 billion tops $17 trillion for first time
The Washington Times ^

Posted on 10/18/2013 11:02:52 AM PDT by navysealdad

U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion increase is an all-time record, shattering the previous high of $238 billion set two years ago.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
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To: navysealdad

It’s only money................


21 posted on 10/18/2013 11:36:32 AM PDT by Red Badger (TANSTAAFL always wins. Always...........................)
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To: navysealdad

And who is going to stop this runaway train?

Since there will never be a 67% vote against Obama in both Houses of Congress, Obama will just burn through the money to entrench his Marxist hold on America and its people.

Congress abdicated its responsibilities on this debt deal.

McConnell,Reid, Boehner and Pelosi should be arrested and thrown in jail for this lawlessness.


22 posted on 10/18/2013 11:38:43 AM PDT by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
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To: Eagle of Liberty
DAMN!! Was this just another bill that we had to pass before we knew what was in it?

It's worse than you think. The McConnell "compromise" redefined the method of raising the debt limit. Congress has to agree and vote NOT to increase it. If they do get their act together and successfully vote to STOP a debt increase (hardly likely with Harry Reid in the Senate), the toddler in chief can simply veto it. If Congress can't override the veto - baddaboom - the toddler in chief can do what he wants with the debt ceiling.

23 posted on 10/18/2013 11:52:46 AM PDT by Conservative_Rob
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To: navysealdad
TERRIFYING!

This $328B is no mystery. Anyone catch all of the stories about how the debt "mysteriously" stopped? There's nothing mysterious about it. I would bet that this $328B is the money that was aggregating while the nation's debt was unmoving.

America is financially dead. Everything about our economy is artificially inflated right now. If no "deal" was made on the debt ceiling, the only thing that would've happened is Wall St. crashing. Why? Because Federal dollars have to be re-allocated to paying the nation's debt before servicing phantom projects like the Federal Reserve's unyielding market pump.

Politicians and bankers are making serious cash off of the market right now, and when it's obvious that the government is going to pare back on its artificial inflation of the markets, they'll cash out their winnings and everyone not "in the know" will take it in the pants.

Our media is so God-forsaking dishonest that no one is reporting on this truth. Americans are in for a BIG surprise soon.

24 posted on 10/18/2013 11:53:41 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Conservative_Rob

DAMN


25 posted on 10/18/2013 11:54:05 AM PDT by DeaconRed (I won't back down. You can stand me up at the gates of Hell and I won't back down. Our new creed.)
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To: circlecity

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. ... I therefore intend to oppose the effort to increase America’s debt limit.” — Obama3/16/2006 Floor speech in the Senate
On March 16th of 2006, Reid took the Senate floor and delivered a speech on how raising the debt ceiling was part of an “unprecedented and dangerous borrowing spree.”
http://www.youtube.com/watch?v=2GcON9yEiWk&feature=player_embedded
Currently, the three largest U.S. budget deficits in history belong to three years of the Obama administration with the highest being $1.42 trillion in 2009.

“Democrats complain about presence of debt clock on Capitol Hill”
http://dailycaller.com/2013/02/26/democrats-complain-about-presence-of-debt-clock-on-capitol-hill/#ixzz2M3fq0vz3
if you don’t see it, it can’t hurt you!


26 posted on 10/18/2013 11:59:40 AM PDT by TurboZamboni (Marx smelled bad & lived with his parents most his life.)
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To: navysealdad

What comes after trillion?


27 posted on 10/18/2013 12:02:28 PM PDT by Dapper 26
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To: navysealdad
"...raising the debt ceiling, which has been done over a hundred times, does not increase our debt.”


28 posted on 10/18/2013 12:03:17 PM PDT by JRios1968 (I'm guttery and trashy, with a hint of lemon. - Laz)
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To: navysealdad

This jump is reporting on the books what 0bama has done off the books for the past several months. The debt ceiling was really passed some time ago. It’s only that now he can report it.


29 posted on 10/18/2013 12:04:45 PM PDT by henkster (Communists never negotiate.)
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To: navysealdad

We have to borrow money to pay our bills...


30 posted on 10/18/2013 12:08:21 PM PDT by tips up (Living is easy with eyes closed, misunderstanding all you see.)
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To: Conservative_Rob
The solution to return control to the House and Senate would be a bill repealing the "agreement" with a veto proof vote of House and Senate. There is a way around the toddler in chief and it requires the same level of commitment from House and Senate. The Senate continues to be the problem. The lack of spine in the House is deplorable as well.
31 posted on 10/18/2013 12:15:58 PM PDT by Myrddin
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To: rawhide

$300 Billion ÷ 0bamacareTAX = Screwed TAXpayers!


32 posted on 10/18/2013 12:51:59 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: Dapper 26
million
billion
trillion
quadrillion
quintillion
hexillion
heptillion
octillion
nonillion
decillion
unodecillion
duodecillion
33 posted on 10/18/2013 12:57:22 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: navysealdad
Remember when a $50 billion ANNUAL DEFICIT was a big freaking deal and endlessly debated?

Deficits/Surpluses From 1940 Until 2013 (*fiscal years)

1* - Presidential control
2* - Senate control
3* - House control

D = Democrat R = Republican


Year Nominal Dollars Inflation Adjusted 1* 2* 3*
1940 $2.9 Billion Deficit $48.33 Billion Deficit D D D
1941 $4.9 Billion Deficit $77.78 Billion Deficit D D D
1942 $20.5 Billion Deficit $292.86 Billion Deficit D D D
1943 $54.6 Billion Deficit $737.84 Billion Deficit D D D
1944 $47.6 Billion Deficit $634.67 Billion Deficit D D D
1945 $47.6 Billion Deficit $618.18 Billion Deficit D D D
1946 $15.9 Billion Deficit $191.57 Billion Deficit D D D
1947 $4 Billion Surplus $42.11 Billion Surplus D R R
1948 $11.8 Billion Surplus $114.56 Billion Surplus D R R
1949 $0.6 Billion Surplus $5.88 Billion Surplus D D D
1950 $3.1 Billion Deficit $30.1 Billion Deficit D D D
1951 $6.1 Billion Surplus $54.95 Billion Surplus D D D
1952 $1.5 Billion Deficit $13.27 Billion Deficit D D D
1953 $6.5 Billion Deficit $57.02 Billion Deficit R R D
1954 $1.2 Billion Deficit $10.43 Billion Deficit R R D
1955 $3 Billion Deficit $26.09 Billion Deficit R D D
1956 $3.9 Billion Surplus $33.62 Billion Surplus R D D
1957 $3.4 Billion Surplus $28.33 Billion Surplus R D D
1958 $2.8 Billion Deficit $22.58 Billion Deficit R D D
1959 $12.8 Billion Deficit $103.23 Billion Deficit R D D
1960 $0.3 Billion Surplus $2.36 Billion Surplus R D D
1961 $3.3 Billion Deficit $25.78 Billion Deficit D D D
1962 $7.1 Billion Deficit $55.04 Billion Deficit D D D
1963 $4.8 Billion Deficit $36.64 Billion Deficit D D D
1964 $5.9 Billion Deficit $44.36 Billion Deficit D D D
1965 $1.4 Billion Deficit $10.37 Billion Deficit D D D
1966 $3.7 Billion Deficit $26.62 Billion Deficit D D D
1967 $8.6 Billion Deficit $60.14 Billion Deficit D D D
1968 $25.2 Billion Deficit $169.13 Billion Deficit D D D
1969 $3.2 Billion Surplus $20.38 Billion Surplus R D D
1970 $2.8 Billion Deficit $16.87 Billion Deficit R D D
1971 $23 Billion Deficit $132.95 Billion Deficit R D D
1972 $23.4 Billion Deficit $130.73 Billion Deficit R D D
1973 $14.9 Billion Deficit $78.42 Billion Deficit R D D
1974 $6.1 Billion Deficit $28.91 Billion Deficit R D D
1975 $53.2 Billion Deficit $231.3 Billion Deficit R D D
1976 $73.7 Billion Deficit $303.29 Billion Deficit R D D
1977 $53.7 Billion Deficit $207.34 Billion Deficit D D D
1978 $59.2 Billion Deficit $212.19 Billion Deficit D D D
1979 $40.7 Billion Deficit $130.87 Billion Deficit D D D
1980 $73.8 Billion Deficit $209.66 Billion Deficit D D D
1981 $79 Billion Deficit $203.08 Billion Deficit R R D
1982 $128 Billion Deficit $309.93 Billion Deficit R R D
1983 $207.8 Billion Deficit $487.79 Billion Deficit R R D
1984 $185.4 Billion Deficit $417.57 Billion Deficit R R D
1985 $212.3 Billion Deficit $461.52 Billion Deficit R R D
1986 $221.2 Billion Deficit $471.64 Billion Deficit R R D
1987 $149.7 Billion Deficit $308.02 Billion Deficit R D D
1988 $155.2 Billion Deficit $306.72 Billion Deficit R D D
1989 $152.5 Billion Deficit $287.74 Billion Deficit R D D
1990 $221.2 Billion Deficit $395.71 Billion Deficit R D D
1991 $269.3 Billion Deficit $461.92 Billion Deficit R D D
1992 $290.4 Billion Deficit $484 Billion Deficit R D D
1993 $255.1 Billion Deficit $412.78 Billion Deficit D D D
1994 $203.2 Billion Deficit $320.5 Billion Deficit D D D
1995 $164 Billion Deficit $251.53 Billion Deficit D R R
1996 $107.5 Billion Deficit $160.21 Billion Deficit D R R
1997 $22 Billion Deficit $32.07 Billion Deficit D R R
1998 $69.2 Billion Surplus $99.28 Billion Surplus D R R
1999 $125.6 Billion Surplus $176.16 Billion Surplus D R R
2000 $236.4 Billion Surplus $320.76 Billion Surplus D R R
2001 $127.3 Billion Surplus $168.16 Billion Surplus R D R
2002 $157.8 Billion Deficit $205.2 Billion Deficit R D R
2003 $377.6 Billion Deficit $479.8 Billion Deficit R R R
2004 $413 Billion Deficit $511.14 Billion Deficit R R R
2005 $318 Billion Deficit $380.84 Billion Deficit R R R
2006 $248 Billion Deficit $287.7 Billion Deficit R R R
2007 $161 Billion Deficit $181.51 Billion Deficit R D D
2008 $459 Billion Deficit $498.37 Billion Deficit R D D
2009 $1413 Billion Deficit $1539.22 Billion Deficit D D D
2010 $1294 Billion Deficit $1386.92 Billion Deficit D D D
2011 $1299 Billion Deficit $1350.31 Billion Deficit D D R
2012 $1100 Billion Deficit $1120.16 Billion Deficit D D R
2013 $759 Billion Deficit $759 Billion Deficit D D R

34 posted on 10/18/2013 1:13:24 PM PDT by ProtectOurFreedom
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To: circlecity

They are trying to collapse the present system for a new system, whatever that system may be, we dont know. Both parties are in on it in my opinion.


35 posted on 10/18/2013 1:37:22 PM PDT by txgirl4Bush (Impeach obama)
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To: tips up

Then why do I have to pay taxes? The ‘Progressives’ believe that we could get out of this mess by making the ‘rich’ pay their fair share. But the real money is in the middle class, or don’t they realize that?


36 posted on 10/18/2013 1:43:24 PM PDT by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: griswold3

They know. They want to destroy the middle class.

The real end-game for them is not to have a middle class, to tax an regulate it out of existence.

We will end up with the uber-rich, George Soros and Warren Buffett and the political elite and their cronies and everyone else will be dirt-poor.

That is how socialism works.


37 posted on 10/18/2013 1:45:51 PM PDT by GeronL
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To: Eagle of Liberty
DAMN!! Was this just another bill that we had to pass before we knew what was in it?

You're absolutely correct. They fooled the sheeple AGAIN!

NO DEBT LIMIT — It Was All A Scam To Leave The Debt Unreported | The People's Newz
 
I'm sure many of you have you seen the reporting regarding the National Debt staying at the same amount for several months now??  Why Has The Debt Clock Stopped Running? -  http://www.newstalk1130.com/pages/common_sense_central.html?article=11528446

 
So, now that the Debt Limit has been raised they now will pay back all the shadow borrowing (pension funds etc) which could total near 4 to 6 HUNDRED BILLION!!!!!!!  That’s right, each time we go back to the well, our need increases exponentially.
 
They couldn’t hide that fact anymore… so now we have a blind borrowing scenario in place.  What???  This is a rather  bizarre strategy now in place that nobody in their right mind should feel like we can someday correct  through politics.

Sorry, but it is my opinion that one would need to be a mental midget, or blinded by the light of patriotism to feel otherwise.  I don’t care HOW liberal the MSM is, for this to happen without the people having knowledge of it, means we are doomed.  You simply can’t get there from here…

This guy seems to have hit the nail on the head.  And I’m SHOCKED that we're just hearing about it now.


Short Video
http://thepeoplesnewz.com/no-debt-limit-it-was-all-a-scam-to-leave-the-debt-unreported/

38 posted on 10/18/2013 1:47:00 PM PDT by VideoDoctor
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To: navysealdad

These incompetents have created the biggest mess in history. There is no fixing it. The people who would fix it are too stupid and arrogant.

OMG, what a man made disaster.


39 posted on 10/18/2013 1:48:57 PM PDT by dforest
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To: navysealdad

Ask yourself who just dished out well over 300 billion to buy US treasuries. I would guess the Fed is highly involved.


40 posted on 10/18/2013 1:50:35 PM PDT by Revel
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