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Nov 28 2012

Make That Red Friday

Obama-Debt-Train

Contrary to news reports, we are not approaching the fiscal cliff. It is behind us now, because we dove off of it by reelecting the irresponsible and/or malicious punk who is spending the nation into oblivion. We just haven’t hit the ground yet. But no matter what we do now, we will. Meanwhile, the deficit spending continues:

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households. …

Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.

When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.

That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.

That means the debt imposed by Hope & Change so far comes to $49,432.73 per household. That tab will be much higher before this disgraceful debacle is finally over.

Graphic and tip compliments of Zappatrust.

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  • Doug

    Why do commies love trains so much?

  • Sam Adams

    It is true; we have run over the fiscal cliff. The federal reserve is buying our own government bonds with money produced out of thin air.

    We have run over the fiscal cliff. We are in free-fall. We just haven’t hit the bottom yet, but we are picking up speed.

  • AC

    They also love helicopters.

  • dan

    I hope everyone packed their own “golden parachute”
    ….catch you on the bounce.

  • Comrade J

    Would you expect less idiocy from a card carrying member of Choo-Choo-Gang?

  • John

    I love trains and I have always hated commies.

  • Sam Adams

    Trains are a good way to move people around that you want to keep track of. Autos provide too much freedom.

  • Ghost of FA Hayek

    But our Democrat overlords from the Chitcago machine assured us this debt is for the chiiiiiildren.
    http://www.youtube.com/watch?v=U4Fo4ZgA0M4&feature=player_embedded

  • Sam Adams

    http://www.dailymail.co.uk/news/article-2239534/Millionaires-exodus-Two-thirds-Britains-earners-deserted-UK-50p-tax-rate-introduced.html

    Surprise, surprise, surprise.

    The UK raised the top tax rate to 50%; the number of millionaires paying that rate drops from 16,000 to 6,000. The amount of tax collected drops from £13.4billion to £6.5billion.

    Undeterred by facts and every example in human history, liberals insist on raising tax rates on the rich. At least they have the excuse of “fairness.” Republicans who go along with this insanity really have no excuse.

  • Ghost of FA Hayek

    Sam
    None of that even matters to the voters there, just as we are witnessing here at this time
    In fact, politicians would become even MORE popular if they got out the cattle prods and drove the remaining 6000 out. Look at California.
    I am becoming more convinced daily that the only cure here is to allow Socialism to wreak it’s inevitable ugly havoc on these voters waiting for their free sh** before we can return from the abyss.

  • Tatersalad

    Keeping hurricane Sandy, Benghazi and the deaths of servicemen in mind, read this article and then decide who it most reminds you of:

    http://www.mcafee.cc/Bin/sb.html

  • Beef

    The Republicans are once again mistaken thinking they are debating tax policy and in believing the thing to do is what’s right for the economy. Obama and the democrats don’t care about any fiscal cliff, they care about winning the issue. The idea is to take credit when times are good and blame Republicans when times are bad.

    Listen to what Obama and all the other dems are saying. They know we are about to enter another recession, and they are positioning themselves to blame Republican foot-dragging on taxes as the reason. And don’t think the Media couldn’t pull it off.

    The party that controls the White House and the Senate will control policy.The best thing the Republicans may be able to do is give Obama everything he wants on taxes and let him own the results. After all, it’s what the American people voted for. Let them take their medicine.

  • Sam Adams

    Beef says:
    November 28, 2012 at 1:27 pm
    __________

    Republicans are in a no win position, largely of their own making. How many times did they hold the line when the issue of the debt ceiling came up? They are worried to death about being blamed for shutting down the government. And again they are worried about being blamed for not getting a deal done to prevent taxes from going up.

    They should stand firm….specifically:
    1. No discussion of tax increases until the dems produce a budget in the Senate.
    2. If there is a problem with the debt ceiling, the problem isn’t too little revenue but too much spending. The feds are spending 25% of GDP. That’s right; 1 out of 4 dollars in the US economy is spent by the feds. Yet the government has never collected over 19% of GDP in taxes since 1945. Dems say they are in love with the Clinton tax rates. Fair enough; we will adopt both the Clinton Tax rates and the Clinton budget. That’s right….we spend the exact same number of dollars as was spent in 2000.

  • Scott B

    Is that “per household” or “per TAXPAYING household”?

  • Sam Adams

    Scott B says:
    November 28, 2012 at 5:03 pm

    Is that “per household” or “per TAXPAYING household”?
    ___________

    Neither. It is tax as a fraction of gross domestic product.

  • ent

    This article is actually very misleading in the Democrats’ favor. As we all know, it’s not the President who spends money; It’s Congress. Democrats took control of both houses for the last two years of Bush’s administration, and that’s when the deficit really skyrocketed. The debt went up by about 3 Trillion in those two years. So a fairer comparison would be about 7.5 Trillion when the Democrats took control to about 16.5 Trillion now (9 Trillion in six years) vs. about 3 Trillion accumulated under the first six years of Bush (when we suffering the economic losses of 9-11 and prosecuting two justifiable wars).

    If you compare party control of Congress to the annual deficit, it is unmistakeable who the bigger spenders are. The surpluses that Clinton always gets credit for were delivered by a Republican-controlled Congress.

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