Tag Archive: Orders of magnitude (numbers)


Debt Ceiling Disaster Ahead

Official portrait of United States Secretary o...

 

It is almost impossible to believe, but the hysteria surrounding the so-called “fiscal cliff” is being overshadowed by an even more pressing problem. Treasury Secretary Timothy Geithner has alerted Congress that the nation will once again hit the debt ceiling on Monday, but that his department can take “extraordinary measures” to keep paying the bills for another few months. For those keeping track, the debt ceiling was raised from $14.294 trillion in August 2011, to its current level of $16.394 trillion. Thus in the span of only sixteen months, an utterly irresponsible Obama administration has added a whopping $2.1 trillion to the national debt.

 

via Debt Ceiling Disaster Ahead.

 

 

 

 

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English: Barack Obama delivers a speech at the...

 

So…Whose fault IS it anyway?

 

Seriously.

 

Whose fault???

 

When George W. Bush was the president, apparently, the economy was his fault.

 

Obama said so.

 

Obama told us back then that a half trillion dollar deficit was irresponsible.

 

Obama told us it was…”Unpatriotic.”

 

It was Bush’s fault.

 

Now, the economy under Obama is…Bush’s fault.

 

While Bush was operating with a half trillion dollar deficit, Obama has increased that deficit to $1.2 – $1.3 trillion dollars. Is the NEW deficit irresponsible? Is it…”Unpatriotic???”

 

via thenationalpatriot.com » Blog Archive » Weekend Edition: It’s Always Somebody Elses Fault.

 

 

 

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