When his Kingship Obama took office, their was no doubt that he inherited a some major issues, he inherited a massive national debt of $9.268 Trillion Dollars, a huge debt. I will have to give President Obama credit where credit is due. I do not want to undercut his accomplishments in his 3 years at the helm of the United States.
That said, Mr. President, congratulations on a job well done. What you have done for this country is beyond belief, in such a short time you and your democratic pals have ballooned the national debt to a STAGGERING $15.23 trillion dollars. $9.268 Trillion Dollars is all yours
Thank you, thank you,, very much. You have now managed, for the first time in the history of this country to swell our national debt to where it is now equal to our total economy. Again, we thank you, as well as all of my grandchildren thank you.
That’s roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, the latest estimate. Private projections show the economy likely grew to about $15.3 trillion by December — a level the debt is likely to surpass this month. Source:
Who owns Americas? Its not the Chinese!
- Hong Kong: $121.9 billion (0.9 percent)
- Caribbean banking centers: $148.3 (1 percent)
- Taiwan: $153.4 billion (1.1 percent)
- Brazil: $211.4 billion (1.5 percent)
- Oil exporting countries: $229.8 billion (1.6 percent)
- Mutual funds: $300.5 billion (2 percent)
- Commercial banks: $301.8 billion (2.1 percent)
- State, local and federal retirement funds: $320.9 billion (2.2 percent)
- Money market mutual funds: $337.7 billion (2.4 percent)
- United Kingdom: $346.5 billion (2.4 percent)
- Private pension funds: $504.7 billion (3.5 percent)
- State and local governments: $506.1 billion (3.5 percent)
- Japan: $912.4 billion (6.4 percent)
- U.S. households: $959.4 billion (6.6 percent)
- China: $1.16 trillion (8 percent)
- The U.S. Treasury: $1.63 trillion (11.3 percent)
- Social Security trust fund: $2.67 trillion (19 percent)
Our friends at Business Insider know this, and put those two principles to work today in this excellent and highly informative little slideshow, made even more timely by the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default.
Here’s the big idea:
Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America’s $14.3 trillion in government debt.
But there’s one little problem with that conventional wisdom: it’s just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it’s really Americans who hold most of America’s debt. Here’s a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:
I have no idea in the world why this man would be re-elected, It should be an resounding NO WAY. Obama has raped and pillaged this country into shadow of what this country once was. However there are all of the tree huggers and libbers who love what Obama has created. In order to gain additional support, the anointed one is in the process of making the path to citizenship easier for the illegal aliens.
Washington (CNN) – Two-thirds of Americans don’t want to make it easier for illegal immigrants to become citizens, even though a slight majority is sympathetic towards their plight, according to a new poll. A CNN/Opinion Research Corporation survey released Sunday indicates that 66 percent of Americans say the U.S. should not make it easier for illegal immigrants to become citizens, with 33 percent disagreeing. Complete Story:
As it is, most illegal’s have a free ride, how pays for the health care, you and I do. When the illegal is injured and has surgery, who pays, we do. What the hospital does is file for emergency Medicaid for the illegal. The hospital does not care; all they care about is getting paid. I spent a week at a local E.R. and witnessed what I just explained.
They way I found out was simply ask the staff, of course with promises that the name of the hospital or staff member would not be revealed. I agreed. I asked for a ball park figure on how much money was billed to Medicaid on a yearly basis, I was told that it runs in the hundreds of thousands of dollars. It’s hard to put a dollar amount, but it is quite a bit, to say the least.
Doctors offices are forced to do the same, and I am sure they hate to do it, because they do not even cover their expenses for the most part. So, there it is in a nut shell. All Obama is doing, is pandering for votes. Its funny why he just announce his innovative now? Could it be that he wants to be re-elected? Hummmm, I just wonder. I will have to stop and think about that one. Until the American people have had enough of the politicians, and I mean fed up with their bull shit, not one thing will change. The fat cats get fatter, and the American people will continue to get screwed, bottom line.
Nancy Pelosi, Harry Reid and the rest of the bums, will continue to waste money by taking lavish trips, paying $18,500 office space, $10,000 dollar a day extravaganzas and the use of United States planes to jet people around the country, none of this will change, not one thing. When will it end, hopefully in this November.
Until Next Time…Part two coming soon