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Good line Rodm.
Obama: We're Not Even Halfway There Yet
The proportion of the population that has a job fell to the lowest level in 28 years: 58.1% driven by people who gave up looking for a job. More than 25 million Americans are either unemployed, or have given up looking, or are working part time but would prefer a full-time job. That means the so-called 'under-employment' rate is 16.1 percent. But the administration puts out that there's been 17 straight months of private sector job growth under Obama. It's Obama's economy now, lock, stock and Obamanation barrel. He will try to blame everyone but himself and his Progressive party, but the blame lies flat in his lap.
Zer0's entering his 'Jimmy Carter' phase, where the majority of people begin to just tune him out and realize he is a failed president who's words no longer inspire and instead create malaise and concern for the nation. Now all we need is that Plains, Georgia rabbit from 1979. The US Treasury Department came out on August 5, 2011, with its Debt Position and Activity Report for July. The news is bleak. With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the entire United States. Debt as of July 31, totaled $14.342 trillion. That was made up of $9.756 trillion held by the public and $4.587 trillion the government owes itself (intergovernmental borrowing, largely from the Social Security and Medicare trust funds to the general fund). GDP in 2010 was $14.5265 trillion. With the Treasury's additional borrowings of $238 billion (the largest one-day bump in history) the total of all debt outstanding has now increased to $14.5807. That's $54.2 billion more than average 2010 U.S. GDP, the last year for which we have final estimates on GDP from the U.S. Department of Commerce. That increase now puts the government close to the new debt limit of $14.694 trillion, It ate up 60% of the $400 billion in space Congress granted the president on Aug. 2. Through accounting 'tricks,' Treasury held the nation under the $14.29 trillion 'ceiling' since reaching that figure on May 16, 2011, while lawmakers debated about how to add more debt and annual deficits. The Republican House had the power to say no to upping the legal debt limit. What a bunch of traitorous scum. They handing over $2 trillion in debt with nothing in return (well, maybe fictitious cuts)... disgusting. With the latest borrowing, the US joined a small group of red ink countries whose public debt exceeds GDP, including Japan (229 percent), Greece (152 percent), Jamaica (137 percent), Lebanon (134 percent), Italy (120 percent), Ireland (114 percent) and Iceland (103 percent), according to figures provided by the International Monetary Fund.
Barack 'Jackwagon' Hussein and his administration's next goal will be to exceed 200%! By the time the election comes around, we will have a debt hovering at $16 trillion. And if Zer0 isn't stopped, the GDP will continue to head lower. We may well be at the 150% mark by then. Yes Jackwagon Obama has been an outstanding Marxist president. We have now run out of other people's money. Happy Ramadan You Eff'n Commie |
