Tag Archives: Obama’s failed presidency

Watching the USA debt clock spin – approaching $15 Trillion

Yesterday it was reported that the national debt ceiling was lifted to $15.19 trillion.  It passed the Senate as part of the August debt ceiling deal when the debt limit was at $14.3 trillion. 

Now, here’s what they said:  This $500 billion increase that was passed is supposed to support the federal government until about January or February of next year – three or four months.  And Obama wants to borrow $447 billion to cover his so-called jobs bill.  Of course at this point in time there is no bill.  What we have is a speech and the CBO has already said they cannot score a speech.  So let’s just round it off as $500 billion he wants to borrow.  Hmm.  Why that’s just exactly what the democrat Senate just yesterday, I mean Thursday, voted on.  These people are scamming us right under our very noses. 

We are already close to the $15 trillion mark (that’s $47,000 per citizen) and this clock is moving so fast as to make your head spin.  I’m keeping track.  How many days will it be before we reach the $15 trillion?  This is September 10th – we’ll see.   If I understand it correctly, it can go as high as $16.7 trillion under the debt ceiling deal reached at the end of August.

http://www.usdebtclock.org/

God have mercy on America.

“The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February.”

http://blogs.wsj.com/washwire/2011/09/08/senate-approves-500-billion-increase-in-borrowing-authority/?mod=google_news_blog

Posted:  09.10.11 @ 1:49 p.m.

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Filed under Barack Obama, Financial Crisis, politics