squarepush3r
Well-Known Member
-Senator Obama, 2006The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the U.S. Government cant pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Governments reckless fiscal policies. Increasing Americas debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Friday Tragedy: The US Debt Limit Explained
Submitted by Tyler Durden on 01/27/2012 18:19 -0500
Ordinarily this space would be reserved for Friday humor, but unfortunately, this is nothing short of a tragedy, especially since as of today the US debt target is $16.394 trillion, a number which will be breached before the end of the year, and possibly before the presidential election in November. As a reminder, in 2011, the US economy grew by 1.7%. It almost, but not quite, offset the growth of US debt held by the public, which grew at a brisk 11.3% pace in the past year...
[video=youtube;Li0no7O9zmE]http://www.youtube.com/watch?feature=player_embedded&v=Li0no7O9zmE[/video]