national debt for dumbies
Senior Member
Joined: Mar 2013
Posts: 6,677
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From: Houston and College Station, TX
http://www.snopes.com/politics/obama/debtlimit.asp
Senator Obama (Not President Obama):
'The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.'
Senator Obama (Not President Obama):
'The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.'
Senior Member
Joined: Dec 2003
Posts: 6,550
Likes: 2
From: Mount Airy,MD
And they have been "fudging" the debt amount due to hitting the limit on borrowing. Of course today, since they passed the new spending bill the debt jumped $328 billion in one day.
http://www.washingtontimes.com/news/...llion-first-t/
http://www.washingtontimes.com/news/...llion-first-t/
Senior Member
Joined: Mar 2013
Posts: 6,677
Likes: 0
From: Houston and College Station, TX
How can you spend 1/3 trillion dollars in ONE day . . . ? That's nice, a "deadline instead of a dollar amount" so those clowns have a blank check . . . Wonderful! Because that is SO productive and exactly what they need!
"Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts."
Like I said, nutless bastards. OK, yes, you can do whatever you guys would like to do! And earmarks in a time like this, really?
"Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts."
Like I said, nutless bastards. OK, yes, you can do whatever you guys would like to do! And earmarks in a time like this, really?
Senior Member
Joined: Apr 2001
Posts: 691
Likes: 1
From: Gulf Coast
http://www.snopes.com/politics/obama/debtlimit.asp
Senator Obama (Not President Obama):
'The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.'
Senator Obama (Not President Obama):
'The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here." Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.'
I would throw my hands up and say to hell with it all, but but Representatives supported their promises and voted against this spending bill.