Notice: This website may or may not use or set cookies used by Google Ad-sense or other third party companies. If you do not wish to have cookies downloaded to your computer, please disable cookie use in your browser. Thank You.


Saturday, January 19, 2013

Debt Limit Crisis

Currently the U.S. Debt is at $16,400,000,000,000.00 +

That's 16.4 Trillion dollars. This is the money we have borrowed and mostly owe to foreign countries to pay for our government programs, be it defense, energy, welfare, other entitlements,......entitlements being most of the government expenditures.

The U.S. Government is scheduled to spend an estimated $ 1.5 trillion this year over what is expected to be raised by revenues, therefore increasing the national debt to almost $18 Trillion.

This national debt does not, repeat, does not count for the unfunded program of Medicare and Social Security which will soon be bankrupt. How soon? Certainly before any 40 year old are eligible to receive it.

The House is set to vote (this coming week) on allowing the debt ceiling to be raised, allowing the U.S. Government to borrow more money to run the government. Obama refuses to discuss spending cuts to make the necessary borrowing less. What a shame,....what a dirt bag.

The American people, by and large, do not want to incur anymore debt as highlighted by a recent Yahoo! poll.

Yahoo! POLL with 235,591 people voting:

Should the debt limit be raised?

70% voted that "No, we can't afford it." 30% voted that "Yes, we can't afford not to."......meaning I want my welfare check!

No comments:

Post a Comment