At this rate the national debt should be right about $20 trillion by the time Obama leaves office. That will be double what it was when he took office.
– More @ LonelyConservative
22 Comments on National Debt Now Tops $19 Trillion
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If we have so much money that we can afford to go into debt 19 trillion dollars then why do we need to collect taxes! Look Ma, we are rich!
“What difference at this point does it make?”
If the national debt is really owed by we the people to we the people then we are a very wealthy people! Let’s all go buy a cadillac, beachfront mansion or the candidate/politician of our choice!
And the year is young yet.
What can’t continue, won’t.
It’s going to be a real motherfucker when this house of cards collapses. My advice? Stock up on silver and lead. You can’t have too much of either.
I dont see a problem here. Bernie says he will borrow enough money to pay off the debt,
And what he can’t borrow he will tax!
All you need to do is wait for negative interest rates. Then you will get paid to borrow money.
What’s $19,000,000,000,000.00 among friends?
Money will become completely digital. Barter will be illegal. Buy a shovel from your neighbor, and you will pay sales tax while he has to show it as income. Black markets will become the new “speak-easy’s”. Next, your bill of groceries will be controlled. “Sorry mister. You’ve had too many Cokes this month.” These card readers for smart phones aren’t being sold because they like us. I’m sure we’ll all be amused at what the new currency will be called. Bernie Bucks? Farrakhan Francs?
Based on history, we need another president like Coolidge to reduce the debt by 0.03%. He has reduced it more than anyone. We would move from $19,000,000,000,000 to $18,994,700,000,000.
That’s the best history says we can do.
The debt was reduced under these presidents (only):
John Adams (-0.000004%)
Jefferson (-0.0001%)
Monroe (-0.0002%)
John Q Adams (-0.0001%)
Jackson (-0.0004%)
Pierce (-0.0002%)
Grant (-0.003%)
Hayes (-0.0004%)
Arthur (-0.002%)
Cleveland (-0.0008%)
Harrison (-0.0006%)
Harding (-0.02%)
Coolidge (-0.03%)
Obama will have more than doubled the debt in 8 short years. More debt than every other President in the history of our country combined. It amazes me that the American people have not risen up. How can we expect to survive as a country if we can’t even submit a budget. Both sides of the aisle have failed us completely.
A well known half breed commie once said:
“That’s unpatriotic!”
ah, 2 of the 5 b’s of survival
bullets
bullion
bleach
beans
booze
Brought to you courtesy of Cloward and Piven, who observed the Watts Riots and thought they were swell.
You know how this ends, don’t you?
Ugly as sin, but it’ll be our grandkid’s problem …
so what the fuck?
Right?
Right??
RIGHT???
https://scontent-lga3-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/12573789_10153429822965197_9050324512128195086_n.jpg?oh=a3573efb6a45e175aeade37d032a403e&oe=573BB9E0
^^^^^^^Our new currency is already on sale ^^^^^^^
The few trillion here a few trillion there, after awhile it starts to add up.
Our national debt is just like the stars! There are billions and billions and billions and billions and billions and billions of them!
Yeah? President Yonkers would tell Shaniqua and DaShawn to get off their asses and work for a living. Let’s calculate how that would affect the debt.
And if you want the debt to double again, just vote for Uncle Bernie. The cost of his hare-brained schemes has been calculated at……wait for it……$19 trillion!