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« Dallas Fed President Richard Fisher Says Fed Should 'Keep Its Word,' End QE2 in June: Bloomberg Interview | Main | Peter Schiff & David Walker With Lou Dobbs On Japan, U.S. Debt And Dollar »
Thursday
Mar242011

National Debt Grows From $13T To $14T In 6 Months

ABC Video - Jonathan Karl - June 2010

To demonstrate how quickly the national debt is growing, we are posting this clip that aired on ABC seven months ago when the debt first crossed $13 trillion.  We are now past $14 trillion.  Excellent reporting from Jonathan Karl, including hypocrisy from Harry Reid that confirms what you already know.

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Cartoon Slideshow - Politics, Economics, Wall Street, Bailout, AIG, Federal Reserve, National Debt

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Reader Comments (8)

If the information in this email I received today is true, no wonder we are 14 trillion in debt. The parasites have absolute control of the most corrupt government on the planet and we are totally screwed. The friend who sent it said story came from Glen Beck.
Email follows.


This is a perfect example why many refrain from watching news on
ABC, NBC, CBS, or MSNBC.
Last week on a segment of the "Glenn Beck Show" on FOX (Fox Cable News) was the following:

Even though President Obama is against offshore drilling for our country, he signed an executive order to loan $2 Billion of our taxpayer dollars (which we can't afford to loan since we're broke) to a Brazilian Oil Exploration Company  the  8th largest company in the entire world)  to drill for  oil  off the coast of Brazil! The oil that comes from this operation is for the sole purpose and use of China and NOT THE USA ! 

Now here's the real clincher...the Chinese government is under contract to purchase all the oil that this field will produce, which is hundreds of millions of barrels"... We have absolutely no gain from this transaction whatsoever!

Wait, it gets more interesting.

Guess  who  is the largest  individual stockholder of this  Brazilian Oil Company and who would benefit most from this? It is American BILLIONAIRE, George Soros, who was President Obama's most generous financial supporter during his campaign. If you are able to connect the dots  and  follow the money, you are probably as upset as I am. Not a word of this transaction was broadcast on any of the other news networks! Are they doing their job? Think about it.

Forward this factual e-mail to others who care about this country and where it is headed. Also, let all your Government representatives know how you feel about this.

Below is the Wall street Journal articl confirming this information.

 
http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html
Mar 25, 2011 at 12:10 AM | Unregistered CommenterSagebrush
The Wall Street Journal did not confirm the information that the above writer wrote. I'm not protecting the government or president Obama; however, the information that the writer wrote somehow did not make sense. If George Soros is the biggest holder of the Brazil oil company and he had the money to support for Obama's campaign, why did not he help the trouble oil company himself. 2 billion does not seem like a lot to billionaire like Soros while government lending to foreign firm may raise some question... I just question about your sources.
Mar 25, 2011 at 12:35 AM | Unregistered CommenterLong Nguyen
http://www.snopes.com/politics/gasoline/braziloil.asp
Further research about this topic, I found this article that prove most of the above information is false or misleading.
Mar 25, 2011 at 12:49 AM | Unregistered CommenterLong Nguyen
I don't know if the information is accurate or not. I do intend on spending some time to find out if it is true or false.
Mar 25, 2011 at 12:54 AM | Unregistered CommenterSagebrush
Long Nguyen, You saved me from wasting a bunch of time on false information. Thank you!
Mar 25, 2011 at 12:59 AM | Unregistered CommenterSagebrush
@ Long Nguyen Snoops is run by a mom & pop who sit at home googleing for the same info you and I can find. They are strong soporters of of Obama and the Dem. party.

This should tell you something. They Neaver, say anything bad about Obama, the Dem. and the Union.& This money was givin to them last fall. That was the first time I heared about it. It was covered by World Net Daily..........a sorce that can back up the info..!

And George Soros gets that money back from BHO. It was just a lone to get Obama into the white house. he knew he could swindle it out of the American People. Just like all the trips he takes on our Dime....?
Mar 25, 2011 at 5:18 PM | Unregistered CommenterTexas Dar
Thanks for filling me in T Dar, is the info in the email I got all true, or just partially true?
Mar 25, 2011 at 6:39 PM | Unregistered CommenterSagebrush
Well, last year i reamber it being a few billion of our money, he sure likes to give it n spend it, dosent he..........And its hear-say about how BHO owed back Soros for slipping him into the W/H. The CZars do all the running of the country wile Boma-n-family get to be on vacation, and shoot hoops and golf on our dime......

Obama, like the last 8-10 presidents only do what the masters tell them to do.......

why did not he help the trouble oil company himself. 2 billion does not seem like a lot to billionaire like Soros while government lending to foreign firm may raise some question...

Why would George give his money, when BHO CAN take it from the American People........then Soros gets interest back on our money from BHO's investment........

Reamber, you dont become a Billionare by giving Your Money away. You keep it and take the money from other people, like you-n-me....! Then make Millions from the sale of the oil......$$$$$$$$$ !

Soros gets a dobble-wammy, and BHO gets a nice ride in the W/H.......& oBAMA is just getting started on giving away our money. Look at the $$$$$Billions$$$$$$ he gave the world to re-build all the Mosks, spelled wrong ? It was our money.

He and family will neaver run out of "Ice Cream Cones-n-Slurpys"........................!
Mar 25, 2011 at 7:24 PM | Unregistered CommenterTexas Dar

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