http://www.cnsnews.com/news/article/debt-has-increased-5-trillion-speaker-pe
Remember when Nancy said this?
Pay as you go, no more putting it on the tab.
Well that's not exactly what happened, is it.
The Senate went out of it's rights of duty, to resurrect the bank bailout, after the House had voted it down.
Not only did they exceed the boundaries of their duty, they also disregarded the voice of "the People".
The banks are once again begging for money, if they don't get it they will die, and even though it's detrimental to the taxpayer, the FED plans on granting their wishes.
People that is our money the FED is using, and what they are using it for is not helping us out.
It's being used to keep the banks afloat.
Well that beast is so dead it stinks.
We cannot keep adding to the deficit, your dollar buys nothing now.
If they add more, it buys less.
When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.
"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt
Showing posts with label National debt. Show all posts
Showing posts with label National debt. Show all posts
Monday, October 25, 2010
Friday, September 24, 2010
Buffett to taxpayers: Get over your anger
http://www.omaha.com/article/20100924/MONEY/709249917
Well Warren, I suppose "WE" would get over it, if companies like yours (Wells Fargo) weren't benefiting from all those necessary measures that the government is plying, and that the "Taxpayer" is responsible for paying back.
You see it as a recession Warren, just a little setback for the timing of your game plans, but the average American views it as a depression, with little or no hope at all of climbing back out of.
Warren why don't you help alay America's fears and give all your worldly gain to help pay off the National Debt?
Maybe then the country could start to "Get over it"
Taxpayer anger against President Barack Obama and Congress is counterproductive because policy makers took measures including deficit spending to stimulate the economy, billionaire investor Warren Buffett told CNBC.
“Sentiment has turned very sour in the last three or four or five months,” the chairman and CEO of Omaha-based Berkshire Hathaway Inc. said in an interview broadcast Thursday.
“I hope we get over it pretty soon, because it’s not productive,’’ Buffett said. “We will come back regardless of how people feel about Washington, but it is not helpful to have people as unhappy as they are about what’s going on in Washington.”
Well Warren, I suppose "WE" would get over it, if companies like yours (Wells Fargo) weren't benefiting from all those necessary measures that the government is plying, and that the "Taxpayer" is responsible for paying back.
You see it as a recession Warren, just a little setback for the timing of your game plans, but the average American views it as a depression, with little or no hope at all of climbing back out of.
Warren why don't you help alay America's fears and give all your worldly gain to help pay off the National Debt?
Maybe then the country could start to "Get over it"
Taxpayer anger against President Barack Obama and Congress is counterproductive because policy makers took measures including deficit spending to stimulate the economy, billionaire investor Warren Buffett told CNBC.
“Sentiment has turned very sour in the last three or four or five months,” the chairman and CEO of Omaha-based Berkshire Hathaway Inc. said in an interview broadcast Thursday.
“I hope we get over it pretty soon, because it’s not productive,’’ Buffett said. “We will come back regardless of how people feel about Washington, but it is not helpful to have people as unhappy as they are about what’s going on in Washington.”
Thursday, July 8, 2010
U.S. marks 3rd-largest, single-day debt increase
http://www.washingtontimes.com/news/2010/jul/7/us-marks-3rd-largest-single-day-debt-boost/
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.
The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.
Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama, and all of the top six have been in the past two years - an indication of just how quickly the pace of deficit spending has risen under Mr. Obama and President George W. Bush.
"What matters is the overall trend line, and the overall trend line is shooting up," said Robert Bixby, executive director of the Concord Coalition, a bipartisan deficit watchdog group, who said it is one more reason for a fiscal wake-up call.
Fears over red ink have stalled key parts of Mr. Obama's agenda in Congress in recent weeks, including his push for another round of stimulus spending. Just last week, House Democrats had to use a tricky parliamentary tactic to pass an emergency war-spending bill, aid for teachers and new spending caps.
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground.
The one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007 and larger than the $140 billion in savings the new health care bill will produce over its first 10 years. The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income.
Daily debt calculations jump and fall, and big shifts are common. But all three of the biggest one-day debt increases have occurred under the tenure of President Obama, and all of the top six have been in the past two years - an indication of just how quickly the pace of deficit spending has risen under Mr. Obama and President George W. Bush.
"What matters is the overall trend line, and the overall trend line is shooting up," said Robert Bixby, executive director of the Concord Coalition, a bipartisan deficit watchdog group, who said it is one more reason for a fiscal wake-up call.
Fears over red ink have stalled key parts of Mr. Obama's agenda in Congress in recent weeks, including his push for another round of stimulus spending. Just last week, House Democrats had to use a tricky parliamentary tactic to pass an emergency war-spending bill, aid for teachers and new spending caps.
Tuesday, April 6, 2010
National debt seen heading for crisis level
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL
This is the cost JUST to service the national debt and the credit card account is still open to charge on, with NO LIMIT on the credit.
$5.6 trillion Amount interest costs alone will consume this decade.Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNHYBSu1
Health care may have been the last big bang of the Obama presidency.
With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration.
Lost amid last month's passage of the new health care law, the Congressional Budget Office issued a report showing that within this decade, President Obama's own budget sends the U.S. government to a potential tipping point where the debt reaches 90 percent of gross domestic product.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNGoD3kg
This is the cost JUST to service the national debt and the credit card account is still open to charge on, with NO LIMIT on the credit.
$5.6 trillion Amount interest costs alone will consume this decade.Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNHYBSu1
Health care may have been the last big bang of the Obama presidency.
With ferocious speed, the financial crisis, recession and efforts to combat the recession have swung the U.S. debt from worrisome to ruinous, promising to handcuff the administration.
Lost amid last month's passage of the new health care law, the Congressional Budget Office issued a report showing that within this decade, President Obama's own budget sends the U.S. government to a potential tipping point where the debt reaches 90 percent of gross domestic product.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/04/05/MNI21COVR1.DTL#ixzz0kNGoD3kg
Tuesday, January 26, 2010
CBO: Federal deficit projected at $1.35T
http://finance.yahoo.com/news/CBO-Fe...sset= &ccode=
Yes we're all fully aware that they see it, and their solution to fix it is to raise the National debt limit and reward themselves with another 1.9 trillion dollars just to get by.
It's time to audit the government as well as the FED.
I'm sure if we did we'd see very much the same extravagant waste and personal pilfering that the UK did
Congressional Budget Office sees 2010 deficit of $1.35 trillion as economy lags
Yes we're all fully aware that they see it, and their solution to fix it is to raise the National debt limit and reward themselves with another 1.9 trillion dollars just to get by.
It's time to audit the government as well as the FED.
I'm sure if we did we'd see very much the same extravagant waste and personal pilfering that the UK did
Congressional Budget Office sees 2010 deficit of $1.35 trillion as economy lags
Wednesday, January 20, 2010
Democrats propose $1.9T increase in debt limit
http://news.yahoo.com/s/ap/20100120/ap_on_bi_ge/us_congress_debt_limit_11
Well that didn't tale long did it? We just pushed up the debt a month or so ago and now they want more.
How much can you put on the tab?
Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.
The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.
It's hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown's victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government's financial straits can be shared by both political parties.
The measure came to the floor under rules requiring 60 votes to pass. That's an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority.
Well that didn't tale long did it? We just pushed up the debt a month or so ago and now they want more.
How much can you put on the tab?
Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion.
The unpopular legislation is needed to allow the federal government to issue bonds to fund programs and prevent a first-time default on obligations. It promises to be a challenging debate for Democrats, who, as the party in power, hold the responsibility for passing the legislation.
It's hardly the debate Democrats want or need in the wake of Sen.-elect Scott Brown's victory in Massachusetts. Arguing over the debt limit provides a forum for Republicans to blame Democrats for rising deficits and spiraling debt, even though responsibility for the government's financial straits can be shared by both political parties.
The measure came to the floor under rules requiring 60 votes to pass. That's an unprecedented step that could mean that every Democrat, no matter how politically endangered, may have to vote for it next week before Brown takes office and Democrats lose their 60-vote majority.
Thursday, October 22, 2009
Dems seek cover to boost debt limit
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http://www.politico.com/news/stories/1009/28586.html
The Senate must soon increase the national debt limit to above $13 trillion — and Democrats are looking for political cover.
Knowing they will face unyielding GOP attacks for voting to increase the eye-popping debt, Democrats are considering attaching a debt increase provision to a must-pass bill, possibly the Defense Department spending bill, according to Democratic and Republican sources.
Adding it to the defense bill would allow Democrats to argue that they voted for the measure to help troops in harm’s way — and downplay that their vote also expanded the limit for how much money the country can borrow.
The strategy has not yet been finalized, aides and senators said. The House already approved a debt limit increase of $925 billion — above the $12.1 trillion ceiling Congress approved as part of the economic stimulus package last February — but Democrats may seek to increase the limit further so they don’t have to revisit the politically treacherous issue until after the 2010 midterm elections.
As of Tuesday, the debt stood at $11.95 trillion
http://www.politico.com/news/stories/1009/28586.html
The Senate must soon increase the national debt limit to above $13 trillion — and Democrats are looking for political cover.
Knowing they will face unyielding GOP attacks for voting to increase the eye-popping debt, Democrats are considering attaching a debt increase provision to a must-pass bill, possibly the Defense Department spending bill, according to Democratic and Republican sources.
Adding it to the defense bill would allow Democrats to argue that they voted for the measure to help troops in harm’s way — and downplay that their vote also expanded the limit for how much money the country can borrow.
The strategy has not yet been finalized, aides and senators said. The House already approved a debt limit increase of $925 billion — above the $12.1 trillion ceiling Congress approved as part of the economic stimulus package last February — but Democrats may seek to increase the limit further so they don’t have to revisit the politically treacherous issue until after the 2010 midterm elections.
As of Tuesday, the debt stood at $11.95 trillion
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