Official US Debt passes the $16tn mark

[-:Undertaker:-]

http://action.freedomworks.org/7830/...llion-in-debt/

US Debt (official) passes the $16tn mark

Change you can't believe in: Obama has increased reckless spending since taking office in 2008

On Tuesday, September 4th the U.S. debt officially passed the $16 trillion mark. President Obama and Congress have been promising us fiscal sanity for over three years now, but what we’ve gotten is a doubling of the national debt.

Our debt is now greater than 100% of GDP, and Congress will spend MORE money this year than they did last year. Congress must know now more than ever: We the People demand a STOP to the spending!

Here's a short article penned by Ron Paul today as to why this matters and the longer term implications; http://www.randpaulreview.com/2012/0...erve-currency/

..so, no cuts in the United States or even over here. Even with what Obama/Romney and Cameron/Miliband call 'stimulus' or 'QE' (aka printing money out of thin air) they still can't balance the books because they're either inept or fiscally insane - and the real figures are much much worse than this as most of social security and welfare payments are kept off the books.

The march to bankruptcy continues as well as an eventual Dollar crisis, but hey it's all cool right? because this guy can make cool sounding speeches with a teleprompter!

Thoughts?

[nvrspk4]

Blaming this on Obama without looking at nuances is disingenuous at best - but that's politics for you.

Obama isn't innocent on the debt - my strong support for Obama is partially based on aligned beliefs. Though his actions aren't always the best, they're a hell of a lot better than the alternatives.

[-:Undertaker:-]

Blaming this on Obama without looking at nuances is disingenuous at best - but that's politics for you.

Oh I don't blame solely Obama - the Republican Party is equally as guilty with Mitt Romney and Paul Ryan both supporting more spending and debt ceiling increases.

..and that's why you shouldn't support either of them as voting for the lesser of two evils means you're still picking evil.

Obama isn't innocent on the debt - my strong support for Obama is partially based on aligned beliefs. Though his actions aren't always the best, they're a hell of a lot better than the alternatives.

I don't see it, most of the charges levelled at George W Bush apply just the same to Obama - yet Obama supporters seem to ignore this, despite claiming to loathe the policies of Bush.

[Grig]

Many of Obama's actions aren't even actions. They're being stalled by Congress. Economy is issue number 1 and if you ask yourself whether you were better than 4 years ago, for most Americans the answer is a resounding no.

Yet if Romney and Ryan are elected, it's taking a risk for no-one knows what you can expect and how much they'll flip-flop around. I like that Obama has been cautious, but that's also a bad thing for he's not done enough. The fact that the debt ceiling is still rising means that there is still gross mismanagement of many economic issues. We've not seen a stock market crash yet, but we haven't seen an improvement either. It's going nowhere and there are and have been all this time fears that the US could indeed slide back into a recession and those fears have people on edge.

Hence why many who were Obama supporters in '08 are just fed up and are voting for Romney this time. Although Obama will most likely shift policies if he is re-elected this time, just like Clinton did and he had a lot of success. With Romney, you have more business expertise.

Which is the better side? You pick. But it's extremely hard to decide and really it's far from an ideal situation on both sides.

[efq]

Who will they come begging for money I wonder


Sent from my iPhone using Tapatalk

[Niall!]

Who will they come begging for money I wonder


Sent from my iPhone using Tapatalk

Well it's not going to be the UK which you're insinuating with your smiley face. The UK is roughly £1,278.2 billion in debt.

[efq]

I meant EU actually


Sent from my iPhone using Tapatalk

[Niall!]

I meant EU actually


Sent from my iPhone using Tapatalk

Which is 10,421.9 billion euros in debt.

[GommeInc]

The US won't ask for money, they'll just ask for businesses to invest into them - which won't happen as China doesn't particularly like investing at the moment and the EU/EEC are more concerned with trying to make money out of thin air.

[-:Undertaker:-]

Which is the better side? You pick. But it's extremely hard to decide and really it's far from an ideal situation on both sides.

Neither, the idea that Romney and Ryan will be good for business is as much a joke as Obama would be good for business - are either side going to do what they say and lower taxes and deregulate to get the economy moving? no, they'll continue to add on federal regulations, federal taxes, continue the bailouts and continue the Federal Reserve printing money out of thin air. They'll also both continue to threaten Iran, continue to plough billions into US-friendly regimes whilst ploughing billions into toppling anti-US regimes, continue programmes such as the NDAA and the Patriot Act, continue the TSA and terrorist fear campaigns, continue supplying weapons to dodgy rebel groups like they did in the 1980s with Al Qaeda and continue spending increases on the military and social security.

The argument is the same one we had back in 2010 in the United Kingdom - we've replaced Labour with the Conservatives and what has changed? absolutely nothing. Indeed, the one thing that was supposed to change (people had the illusion that the Conservatives, who supported Labours spending plans until two years before the election, would at least be fiscally sane) was state spending - yet it's at exactly the same levels as it was two years ago .. and still rising just as it would have done under Labour.

I heard Gerald Celente describe this as the Presidential Reality Show, and it is .. "my guy isn't as bad as your guy" ..so why do we even play along with it and back one sociopath over the other?