The Story Nobody is Reporting On

 

CNSPhoto-Monk-Simpsons

The Daily Sheeple

Why aren’t we talking about this?

9/30/2016

Public debt: $14,173,423,516,895.82

Intergovernmental: $5,400,021,197,040.97

Total: $19,573,444,713,936.79

9/30/2015

Public debt: $13,123,847,198,347.81

Intergovernmental: $5,026,770,468,136.52

Total: $18,150,617,666,484.33

Purchasing Destruction

Public debt: $1,049,576,318,548.01

Intergovernmental: $373,250,728,904.45

Total: $1,422,827,047,452.46

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Remember, the actual “public” deficit is the difference in borrowing between the end of the fiscal year and the beginning in debt held by the public. The total increase in debt, including intergovernmental (mostly Social Security and Medicare) is the actual deficit and is exactly equal, on an arithmetic basis, to the destruction in your personal purchasing power that the government causes (or gain if the government runs a surplus.)

The actual deficit — that is, the destruction in purchasing power the federal government caused last year, is the percentage of 1.423 trillion .vs. the total GDP of 18.450 trillion or approximately 7.7%.

That’s right — the government intentionally destroyed almost 8% of your paycheck and your savings last year, running a $1.423 trillion dollar budget deficit, which is roughly equal to the worst of the “great recession” when tax revenues went through the floor.

Today there is no such “tax shortfall” excuse.

The breakdown of exactly where the ugly is coming from will be published next week. I already know what is in there because I’ve been following the monthly treasury statements all fiscal year, but wish to report final “as tallied” facts — and thus will have another post at that time.

Let me be clear: On the arithmetic if we do not stop this now within the next 4-5 years — that is, within the next Presidential term — our government will collapse, our economy will collapse, our health care system will collapse and both the stock and housing markets will collapse. This is not politics, it’s arithmetic. And the worst part of it is that I am utterly certain that the “references” count, along with the “views” count on this article will both be a fraction of the politically-oriented articles I’ve recently posted. That the real end of our way of life in America, a threat that is obvious, mathematically certain, not very far in the future and yet avoidable if we act now fails to garner any sort of serious attention is the real outrage folks.

Debt Under Obama Up $8,000,000,000,000

Family Security Matters

The debt of the federal government has now increased by more than $8,000,000,000,000 during the time President Barack Obama has been in office, according to the official debt numbers published by the U.S. Treasury.

The total federal debt, which was $18,722,746,583,118.03 at the close of business on Monday, now equals about $159,007 per household.

It has increased approximately $68,756 per household during Obama’s presidency.

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The thrill is gone for Obama

CFP

In 2008, the Obama campaign represented “Hope and Change” and inspired millions of voters to pull the lever for the unknown man from Illinois. At his campaign rallies, it was commonplace to see supporters fainting, overcome with raw emotion. Obama’s 2008 campaign was fueled by an amazing combination of energy and optimism rarely seen in American politics.

In the 2008 election, it was our nation’s chance to elect our first African American as President. It was a strike against the sins of slavery and racism in America’s past and a way to launch our country toward a bright future of racial harmony and progress.

What a difference four years makes!

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Obama Has Now Increased National Debt More Than All Presidents From George Washington Through George H.W. Bush Combined…

Weasel Zippers

Quite the achievement, eh Barack?

(CNSNews.com) — The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71 — up about $44.8 billion from Sept. 30.

That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion — more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

This $4.212-trillion increase in the national debt means that during Obama’s term the federal government has already borrowed about an additional $35,835 for every American household — or $44,980 for every full-time private-sector worker. (According to the Census Bureau there were about 117,538,000 households in the country in 2010, and, according to the Bureau of Labor Statistics, there were about 93,641,000 full-time private-sector workers.)

When Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department, the total national debt stood at $10,626,877,048,913.08.

Source:

The Obama Jobs Plan: 10 Reasons Why It Is A Bad Joke

The
Economic Collapse

So that was what we have been waiting for?  That was
what all the hype was about?  With a little over a year until the next election,
that was the “best shot” that Obama has for fixing the unemployment crisis in
this country?  The Obama Jobs Plan (also now known as “the American Jobs Act”)
is going to cost $447 billion and it is going to do next to nothing to create
more jobs.  Many Americans were hoping for something bold and new from Obama,
but instead what they got was a bad joke.  When Obama stated that there is
“nothing radical in this bill”, he was not kidding.  Instead of addressing the
fundamental issues that are causing job loss, Obama wants us to spend half a
trillion dollars on measures that will only create a very small number of jobs.
Sadly, much of what Obama is proposing actually consists of huge bribes to
middle class voters.  Obama is trying to keep his own job, and he appears
willing to pile up even more debt in order to make that happen.

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