"When President Obama was first
inaugurated on Jan. 20, 2009, the debt of the U.S. government was
$10,626,877,048,913.08, according to the Treasury
Department’s Bureau of the Public Debt. As of Jan. 31, 2014,
the latest day reported, the debt was $17,293,019,654,983.61—an
increase of $6,666,142,606,070.53 since Obama’s first inauguration."
----------------------------------------------
But regardless of which view is correct, one thing is certain. No country can continue to go into debt at the rate of $1 trillion a year an survive. Here is a short excerpt from an article that I think every American should take to heart:
"You know...if I had to borrow 40% of the money I need to pay my bills every month, I’d be fairly alarmed. When you come up a few bucks short at the end of the month for necessary bills, you can cut back: get rid of the cell phone, stop eating out, whatever. But when your monthly nut is routinely running to almost twice what you can pay, you're kind of out of options. It's probably time to reexamine your resistance to sleeping outdoors and pooping outdoors and...well, doing everything else outdoors, because outdoors is where you're going to be living before long." from DOOM: Naked came I into the world, and naked shall I leave it:
Recommended reading:
33 Conspiracy Theories That Turned Out to Be True - lewrockwell.com
How Many People Read the 1,582 Page $1.1 Trillion Spending Bill? Congressman: Nobody Did! - cnsnews.com
Treasury Forced to Issue $1 Trillion in New Debt the First 6 Weeks of Fiscal Year 2014 - cnsnews.com
Mission "Raise the Debt Limit" Accomplished: See You All Again in February! - zerohedge.com
Explaining the Obama's Economy to 6th Graders - TheBlaze.com
When
President Obama was first inaugurated on Jan. 20, 2009, the debt of the
U.S. government was $10,626,877,048,913.08, according to the Treasury Department’s Bureau of the Public Debt.
As of Jan. 31, 2014, the latest day reported, the debt was
$17,293,019,654,983.61—an increase of $6,666,142,606,070.53 since
Obama’s first inauguration. - See more at:
http://cnsnews.com/news/article/ali-meyer/debt-6666-trillion-under-obama#sthash.CQOUuAuK.dpuf
When
President Obama was first inaugurated on Jan. 20, 2009, the debt of the
U.S. government was $10,626,877,048,913.08, according to the Treasury Department’s Bureau of the Public Debt.
As of Jan. 31, 2014, the latest day reported, the debt was
$17,293,019,654,983.61—an increase of $6,666,142,606,070.53 since
Obama’s first inauguration. - See more at:
http://cnsnews.com/news/article/ali-meyer/debt-6666-trillion-under-obama#sthash.CQOUuAuK.dpuf