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Posted on 01/22/2014 3:59:41 PM PST by kristinn
Obama Adds Over $500 Billion In New Debt in Just Three Months Under McConnell’s Blank Check Debt Ceiling Deal
Half a Trillion in Just Three Months
President Barack Obama has blown through more than $500 billion in deficit spending in the three months since passage of the deal proposed by Senate Minority Leader Mitch McConnell (R-KY) on easing the debt ceiling battles that gave Obama virtually unlimited borrowing authority from October 17, 2013 through this February 7th.
Treasury Secretary Jack Lew sent a letter to Congress today imploring the debt ceiling be raised by February 7th, or the end of February at the latest. Lew cited a limited amount of financial trickery the Treasury can employ to skirt the re-imposition of borrowing authority until the end of February.
CBS News’ Mark Knoller reported on Twitter that Obama had racked up $526 billion in new debt since October 17. The deficit for the entire 2013 fiscal year was $680 billion.
Last April Obama proposed a FY 2014 budget with a deficit of $744 billion.
The national debt now tops $17.2 trillion.
One generation, two, three or for, all can pay for duhbummers whores.
Today’s Republican Party has zero credibility on fiscal responsibility. They are enablers of the free spending administration and Democrat Party.
Remember how the MSM use to whine about 200 billion dollar deficits under Bush. Now 1+ trillion dollar deficits don’t even get a mention. For that matter, the MSM now no longer mentions any soldiers being killed in the Middle East, homelessness, and the bleak economy. It’s amazing how all the problems go away when a Dem is in the W/H.
I remember the fricking media literally had a timer of how many soldiers died under Bush, and every night on the news they devoted a segment to the life of a soldier and his family.
The GOP is solely responsible for RomneyCARE,
gay marriage, the exploding budget and bowing to
the Enemy, and putting in the utter fraud,
Obama, to continue it with the flavor or Communism.
NOTHING HAS CHANGED except America is going down the tubes.
This beast must be stopped before it destroys everything. *money*from*thin*air* the only weapon which could have destroyed USA; and is doing so...
McCornhole must be deep sixed.
And yet there are those who will still defend the Republican Party no matter what, and will attack anyone here on FreeRepublic who dares to criticize people like Karl Rove or the current leadership.
It’s time for an opposition party.
“The GOP is solely responsible for RomneyCARE,
gay marriage, the exploding budget and bowing to
the Enemy, and putting in the utter fraud,
Obama, to continue it with the flavor or Communism.
NOTHING HAS CHANGED except America is going down the tubes.”
Your sarcasm does not resonate:
George W. Bush didn’t bow to the Saudi prince. He held hands with him:
http://media.nj.com/njv_paul_mulshine/photo/10925832-large.jpg
George W. Bush inherited a balanced budget and then proceeded to double the total federal deficit.
Republican Mitt Romney was the father of RomneyCARE which became the blueprint for Obamacare.
GOP candidate John McCain ran one of the worst political campaigns in US history in 2008 allowing Obama to become President. Was it Obama’s fault McCain suspended his campaign during the financial crisis and behaved like a complete idiot? He was in the lead at that time and had he behaved as a statesman and leader, instead of a headline grabbing blubbering old fool, he might have won the election. It also didn’t help that McCain allowed his own campaign staff to trash the VP candidate (Palin) he selected.
I might also remind you George W. supported amnesty and failed to keep the US border secure allowing a many as 10 million illegals to set up residence inside our borders during his two terms. Harriet Miers was his idea of a Supreme Court Justice.
Obama may be driving America down the tubes but he’s had plenty of help from Bush, McCain, Romney, Rove, Boehner, McConnell, Frist, Hastert, Graham, Hatch, and many more “conservative” Republicans.
I know you said it first but I thought I'd say it again just because. You don't mind, do you?
Bush couldn’t take a piss without it being front page news.
GW was one of the biggest disappointments in my lifetime. I worked hard to elect him twice... I donated heavily and he was not who he claimed to be. He did some good things... I believe him to be a good man... but he is progressive and promised us Reagan and gave us kennedy lite.
The republican party let it get away from them. There are now too many people dependent on the government. Then add in the liberal media. They’ll never be able to cut anything.
April 15, 1912, aboard the RMS Titanic:
First Mate: "Icebergs sighted dead ahead, Captain."
Captain: "There is a shocking lack of racial diversity in our staff. I want your detailed report ASAP!"
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