The Briefing Room
General Category => Economy/Business => Topic started by: pjohns on March 03, 2013, 01:36:15 am
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Here are the actual figures, as regarding our national debt on January 20, 2009 (When Barack Obama originally assumed the presidency) vis-a-vis what that debt is today:
Date---------------------------------------Total Public Debt Outstanding
01/20/2009------------------------------10,626,877,048,913.08
02/28/2013------------------------------16,687,289,180,215.37
Here is the link: Government - Debt to the Penny (Daily History Search Application) (http://www.treasurydirect.gov/NP/NPGateway)
Basically, what this means is that, in just over four years, President Obama has added more that 6.06 trillion dollars to our national debt.
(This is the cue for dyed-in-the-wool Keynesians to come out, and cry that he simply had no choice but to try to "stimulate" the economy; and that he probably should have spent even more...)
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He just loves having his own personal printing press to buy all that liberal love.
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He just loves having his own personal printing press to buy all that liberal love.
It is the Treasury's printing press that especially worries me. I am guessing that the Fed may decide to do another round of "quantitative easing"; which is just a fancy way of saying, printing more and more money. (The only problem with that course of action being that it inevitably leads to hyper-inflation...)
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The only problem with that course of action being that it inevitably leads to hyper-inflation...)
What concerns me is that hyper-inflation may be already planned. Few things are more certain to bring down a government than hyper-inflation. Consider France under Louis XVI, the Weimar Republic, or even our own United States during the time of the Continental.
We either get our fiscal house in order very soon or we are heading down that same path.
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Here are the actual figures, as regarding our national debt on January 20, 2009 (When Barack Obama originally assumed the presidency) vis-a-vis what that debt is today:
Date---------------------------------------Total Public Debt Outstanding
01/20/2009------------------------------10,626,877,048,913.08
02/28/2013------------------------------16,687,289,180,215.37
Here is the link: Government - Debt to the Penny (Daily History Search Application) (http://www.treasurydirect.gov/NP/NPGateway)
Basically, what this means is that, in just over four years, President Obama has added more that 6.06 trillion dollars to our national debt.
(This is the cue for dyed-in-the-wool Keynesians to come out, and cry that he simply had no choice but to try to "stimulate" the economy; and that he probably should have spent even more...)
That also means that he's added 60% of the 2009 debt to the current US debt; in other words, almost half of the current US debt is due to his (mal)administration alone.
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I think they are well aware what is going to befall all of us from their rampant printing.. I also think they don't care.
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I think they are well aware what is going to befall all of us from their rampant printing.. I also think they don't care.
Actually, I think that a pretty good case may be advanced that the Obama administration (and the left in general) would welcome a collapse of the American system, so that they can swoop in and pick up the pieces.
It is called the Cloward-Piven strategy: http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy
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Actually, I think that a pretty good case may be advanced that the Obama administration (and the left in general) would welcome a collapse of the American system, so that they can swoop in and pick up the pieces.
It is called the Cloward-Piven strategy: http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy
Yep..know all about Cloward because Beck went into great detail on his show. The rest of the media never mention it.. ever... that said what pieces? Look at the mess they have made in Detroit..are making in Illinois..California and now Colorado... Most people are clueless and worse they like being clueless.
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(http://files.abovetopsecret.com/files/img/ya5133a4b4.png)
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Actually, I think that a pretty good case may be advanced that the Obama administration (and the left in general) would welcome a collapse of the American system, so that they can swoop in and pick up the pieces.
It is called the Cloward-Piven strategy: http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy
This will only succeed so long as the public perceives OPapaDoc himself is not culpable. Given that his approval ratings went from the low fifties to the mid-forties as he did his "magical sequester tour" there is serious doubt as to whether the public is buying it.