$16,000,000,000,000.00bama

OBAMA'S NATIONAL DEBT TALKING POINTS

We will start to threaten the $20 trillion mark on U.S. government debt later this year. The national debt is currently just short of $19.27 trillion. We become more indebted to the tune of $12,000 every second and approximately $1.3 billion every day.

U.S. Debt Clock: http://www.usdebtclock.org/

Land of The Free And Home of The Broke: The United States of Insolvency

UNPATRIOTIC DEBT

MUST WATCH

US DEBT CLOCK: http://www.usdebtclock.org/

Related:

National Debt Insanity From Joe Biden

Comments

[LiberatedCitizen]

Think it's bad now just wait Debt Slaves when the market's force a rise in the interest rates we pay on the debt. Kind of amusing the Fed is actually buying the majority of our debt now and the Fed is owned by it's member banks. Think about that the member banks are already collecting billions a year right now from IOER.

How Bernanke Can Get Banks Lending Again
If the Fed reduces the reward for holding excess reserves, banks will have to find something else to do with their money, like making loans or putting it in the capital markets.

snip

Suppose the Fed cuts the IOER from 25 basis points to minus 25 basis points, and banks don't lend one penny more. In that case, the Fed stops paying banks almost $4 billion a year in interest and, instead, starts collecting roughly equal fees from banks. That would be almost an $8 billion swing from banks to taxpayers. There are worse things.

in full http://online.wsj.com/article/SB10000872396390444873204577537212738938798.html

$10 Trillion Withdrawn From U.S. Treasury This Fiscal Year Alone, Treasury Says

http://cnsnews.com/news/article/10-trillion-withdrawn-us-treasury-fiscal-year-alone-treasury-says

[TR]

A black perspective on Obama.

http://blackagendareport.com/content/what-obama-has-wrought

http://www.democracynow.org/seo/2012/9/7/effective_evil_or_progressives_best_hope?skip_mobile=1

[Barbara M]

I found a 5-minute video by a retired accountant which explains why Washington can't balance the budget. He uses official Treasury and Budget data. I checked the URLs. All true.

Google Hal Mason Youtube debt