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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
KEYWORDS:
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1 posted on 10/18/2013 11:02:52 AM PDT by navysealdad
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To: navysealdad

So, Obama has racked up more debt than every President before him combined.


2 posted on 10/18/2013 11:06:32 AM PDT by circlecity
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To: navysealdad

But Obama cut the Deficit in half!!!!!


3 posted on 10/18/2013 11:07:14 AM PDT by massgopguy (I owe everything to George Bailey)
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To: navysealdad
UM!!!! HELLO OUT THERE!!

But under the terms of this week’s deal, Congress set a deadline instead of a dollar cap. That means debt can rise as much as Mr. Obama and Congress want it to, until the Feb. 7 deadline.

DAMN!! Was this just another bill that we had to pass before we knew what was in it?
4 posted on 10/18/2013 11:07:25 AM PDT by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: navysealdad

What’s it matter?


5 posted on 10/18/2013 11:08:04 AM PDT by Post5203 (Please name me a sucessful city or country run by a "person of color".)
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To: navysealdad

https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13101600.pdf
The Daily report isn’t for yesterday or today....Hmmmmm.....


6 posted on 10/18/2013 11:08:11 AM PDT by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: navysealdad

7 posted on 10/18/2013 11:08:11 AM PDT by dfwgator
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To: navysealdad

Wasn’t it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?

The man is insane.


8 posted on 10/18/2013 11:08:28 AM PDT by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: circlecity

The spending is actually authorized by Congress. Without Congress being saddled with the principle responsibility, no change will happen.

Complaints about a President’s actions are always ignored by those that support him. Getting the larger view that Congress, as a whole, is to blame can gradually become an understood mindset by the low information voter.


9 posted on 10/18/2013 11:09:45 AM PDT by KC Burke (Officially since Memorial Day they are the Gimmie-crat Party.h)
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To: P-Marlowe

Wasn’t it just a few days ago that Obama stated flatly that raising the debt ceiling would not raise the debt?


And didn’t a prominent republican state that the Tea Party was on a fool’s errand?

Collusion. Destruction. Fascism.


10 posted on 10/18/2013 11:10:31 AM PDT by OwenKellogg (I aim to misbehave using my 1st Amendment rights, granted by God and guaranteed in the Constitution.)
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To: navysealdad
Gee, what happened?
My Savior Obama told us that raising the debt ceiling wouldn't necessarily mean a debt increase. He wouldn't lie, so what went wrong?
Did the Tea Party steal $300 Billion, or was it Bush?
11 posted on 10/18/2013 11:12:07 AM PDT by ZOOKER (Until further notice the /s is implied...)
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To: navysealdad

Ridiculous! How in the world will this ever be paid? This is criminal putting all of this on our future children. We are going the way of Greece.

By more taxes and fees?
By reducing future SS payments?
Reducing medicare expenditures?


12 posted on 10/18/2013 11:14:43 AM PDT by rawhide
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To: P-Marlowe

Now that the capitulation is complete he has an AMEX black card with no spending limit. Kind of like selling $500,000 houses to people making min wage knowing there’s no way it’ll ever get paid back. Thanks bronco. Cause he don’t care. Ain’t his money.


13 posted on 10/18/2013 11:15:28 AM PDT by rktman (Inergalactic background checks? King hussein you're first up.)
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To: navysealdad

Sandbaggin’ SOBs. Now we know why there was no change in the debt the past several months.


14 posted on 10/18/2013 11:16:59 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: circlecity

Obama doesn’t care about the debt or the future of our nation.


15 posted on 10/18/2013 11:25:01 AM PDT by rup1971
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To: Night Hides Not
Now we know why there was no change in the debt the past several months.

Credit card bills don't count against the household debt if you don't open them and hide them under the couch.

16 posted on 10/18/2013 11:26:08 AM PDT by KarlInOhio (Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
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To: circlecity

We no longer have a debt limit. They can spend as much as they like now.


17 posted on 10/18/2013 11:26:22 AM PDT by GeronL
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To: Post5203

Seems to me IIRC, in2008 the press went ballistic on Bush because he had a 400 billion dollar deficit. By the end of 2009 the POS Soetoro had ratched it up to 1.2 trillion. Funny how the media missed that.


18 posted on 10/18/2013 11:35:37 AM PDT by DaiHuy (May God save the country, for it is evident the people will not! Millard Fillmore)
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To: GeronL

Burn baby burn...


19 posted on 10/18/2013 11:36:09 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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Please donate today!


20 posted on 10/18/2013 11:36:24 AM PDT by RedMDer (http://www.dontfundobamacare.com/)
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