Excerpt from this article:
"When Obama took office on January 20, 2009, the total debt of the federal government was $10,626,877,048,913.08. But the Treasury divides this total debt into two main components: debt held by the public and intragovernmental debt."
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According to the USdebtclock.org the US debt today is at $18.4 trillion ... and climbing!
Talk show host and constitutional scholar Mark Levin has said:
"You should view these politicians with the deepest contempt you can possibly imagine. What they are doing to this country, what they are doing to our finances - there is not a criminal in any federal prison, state prison, city or county jail with respect to financial crimes of any sort who collectively could have done the kind of damage that Barack Obama and Harry Reid and Nancy Pelosi and yes, willing, timid, gutless Republicans have done to this country! To your future, to your children and your grandchildren. What they are doing is with malice and with forethought." (emphasis mine) (source)
Someone once wrote:
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discover it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship and then a monarchy." (Source)
Sarah Palin has said that America will eventually default on its debt and claims
that the federal government is “stockpiling bullets in case of civil
unrest'” ... (Sarah Palin: Feds Stockpiling Bullets to Use Against Us - politico.com)
Recommended reading:
Greenspan: U.S. "Way Underestimating" The National Debt - pjmedia.com
Florida Gov. On Gov't Medicaid Expansion; 'Trillion Dollar Deficits -- Would You Do Business With Them?' - cnsnews.com
National Debt Soars Over $18 Trillion - truthrevolt.org
Ponzi: Treasury Issues $1,000,000,000,000 ($1 Trillion) In New Debt In 8 Weeks - To Pay Off Old Debt! - cnsnews.com
Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama - zerohedge.comNancy Pelosi: I'm All for Balancing the Budget...in a Few Decades!" - michellemalkin.com
The $17 Trillion Dollar Party - theeconomiccollapseblog.com
University of California Study: National Debt Really $70 Trillion - thenewamerica.com
Explaining the Obama Economy to 6th Graders
Doom: Naked Came I Into This World, And Naked Shall I Leave It - ace.mu.nu
