Can Obama Use The 14th Amendment And Raise The Debt Ceiling Alone? Hell No Says Judge Napolitano
Jul 29, 2011 at 3:13 PM
DailyBail in Debt & Deficit, debt ceiling, debt ceiling, deficit, judge andrew napolitano, national debt, obama 14th amendment, video

Video - Judge Andrew Napolitano - July 25, 2011

Solid discussion.  Runs approximately 2 minutes.

---

What's missing from the debt-ceiling discussion, albeit nothing new to DB readers, is spending on wars and the pentagon.  It's not even being mentioned as a possibility in any of the competing debt plans, despite the following undeniably depressing and disgusting facts:

From Reddit:

I thought this kind of puts things in perspective.  In 2010, the US government collected $898 billion in federal income tax revenues.  The same year, we spent $847 billion on useless wars and national defense.  That means that 94% of all federal income tax revenue is equivalent to what we spend on the Pentagon.  Who out there thinks it was money well spent?

Also, just to piss you off a little bit more - defense spending is equivalent to 443% of what we collect in total corporate taxes.

One more link you need to see:

---

It's all in this link:

WAKE UP AMERICA! - The Real U.S. Budget Problem: Defense & War Spending Equal 94% Of All Federal Income Tax Revenues

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).
See website for complete article licensing information.