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« Blankfein, Pandit & Dimon Go To Russia | Main | Ron Paul With Judge Napolitano: "$6 Billion Annual Spending Cut Is Ridiculous" »

U.S. National Debt Jumped $72 Billion Same Day U.S. House Voted To Cut Spending $6 Billion

(CNSNews.com) - The national debt jumped by $72 billion on Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion spending.

If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would manage to save between now and late November as much money as the Treasury added to the nation’s net debt during just the business hours of Tuesday, March 15.

At the close of business on Monday, according to the Treasury Department’s Bureau of the Public Debt, the total national debt stood at $14.166 trillion ($14,166,030,787,779.80). At the close of business Tuesday, the debt stood at $14.237 trillion ($14,237,952,276,898.69), an increase of $71.9 billion ($71,921,489,118.89).

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Drunk with debt...

Drinking our way through $14 trillion.

As Seamus eagerly displays, years of overspending have left us drunk with debt. The US gross debt has reached $14 trillion — the size of the US economy.  This has only happened once before in American history: World War II.

Produced by  Bankrupting America


Video - Ron Paul with the Judge - Mar. 16, 2011

Watch at least the first minute of this - the Judge is on fire.  House votes today to order ALL troops out of Afghanistan.


Recently from Ron Paul...




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Reader Comments (13)

WASHINGTON: Saudi Arabia is believed to have arranged the blood money that allowed CIA contractor Raymond Davis to go home after nearly two months in a Lahore jail, diplomatic sources told Dawn.

Mar 17, 2011 at 11:09 PM | Registered CommenterDailyBail
ISLAMABAD/MIRAMSHAH: A US drone attack with an unusually high death toll of 40 on Thursday drew a rare condemnation both from civilian and military leadership.

In the attack which came a day after CIA operative Raymond Davis had been set free by a court in Lahore, US drones fired missiles when a jirga was in progress in Nevi Adda Shega area of North Waziristan, killing 40 people, including tribal elders.

Prime Minister Yousuf Raza Gilani strongly condemned the incident and called the attack an “irrational act”.

Mar 17, 2011 at 11:10 PM | Registered CommenterDailyBail
California nuclear plants have no earthquake plans

Mar 17, 2011 at 11:11 PM | Registered CommenterDailyBail
Mar 17, 2011 at 11:13 PM | Registered CommenterDailyBail
Fukushima heroes: Not afraid to die

Since the disaster struck in Japan, about 800 workers have been evacuated from the damaged nuclear complex in Fukushima. The radiation danger is that great.

However, CBS News correspondent Jim Axelrod reports that a handful have stayed on the job, risking their lives, to try to save the lives of countless people they don't even know. The exact number of workers is unclear and has been reported to be anywhere from 50 to 180.

Although communication with the workers inside the nuclear plant is nearly impossible, a CBS News consultant spoke to a Japanese official who made contact with one of the workers inside the control center.

The official said that his friend told him that he was not afraid to die, that that was his job.

Mar 17, 2011 at 11:16 PM | Registered CommenterDailyBail
Blankfein Tells Medvedev Jams Impede Financial Center Goal



Medvedev has named 27 people, including Blankfein, JPMorgan Chase chief Jamie Dimon and Citigroup head Vikram Pandit, to an advisory board as the Russian leader seeks to bolster the country's role in international finance, according to information on the Kremlin's web site this month and a member of the board who declined to be identified.

Goldman Sachs is among the 23 banks selected by the government last year to help manage its 1 trillion ruble ($35 billion) state-asset sale program over three years.
Mar 18, 2011 at 12:05 AM | Unregistered Commenterjohn
Exclusive: Goldman cuts 5 percent of trading desk: sources



Poor performers are known internally as being on the "Z-List," according to the sources. Those employees typically get an early signal about their status with a disappointing bonus in January.
Mar 18, 2011 at 7:26 AM | Unregistered Commenterjohn
Ever expanding trade deficit, falling dollar, and free printing and loaning into existence "money". Good luck on the budget. As to the "fiat interest" debt, lets keep believing that the losers think they can do something there...

They would love to loan the Government more fiat just to service the interest, under the belief that that will make it better of course.
Mar 18, 2011 at 9:52 AM | Unregistered CommenterS. Gompers
Obama finally has a war to call his own.

Obama declares war on Libya.

We begin bombing in five minutes.
Mar 18, 2011 at 2:30 PM | Unregistered CommenterHenry K.
Goldman to buy Buffett's $5 billion preferred shares



(Reuters) - Goldman Sachs Group Inc (GS.N) will buy back $5 billion of preferred stock that it sold to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) at the height of the financial crisis in 2008, ending a trade that famously netted Buffett more than $15 a second in dividends.

JPMorgan, Wells Fargo boost payouts after Fed tests



(Reuters) - JPMorgan Chase & Co, Wells Fargo & Co and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve.
Mar 18, 2011 at 3:36 PM | Unregistered Commenterjohn
This is the most important headline ever published on this site. This is the one that needs to be e-mailed, texted, twittered, and smashed all over Facebook.

And to think there are members of Congress arguing that we cannot afford these cuts.
Mar 19, 2011 at 9:22 AM | Unregistered CommenterOberron4life
Oberron...read this one...it's a doozey...


$400 million spent before cement poured for new 520 bridge
Mar 19, 2011 at 12:48 PM | Registered CommenterDailyBail

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