Forum Post: Congratulation All, We've Successfully Passed $15T Debt Limit
Posted 12 years ago on Nov. 16, 2011, 6:16 p.m. EST by suyabaa01
(244)
from Milford, CT
This content is user submitted and not an official statement
http://www.treasurydirect.gov/NP/BPDLogin?application=np
Guess who is going to pay this recklessly spent debt? Us and our children of course. But wait. New austerity measures are coming in a week.
"Too sad for commentary, but here is some math: total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president."
"(as a reminder the most recently updated debt ceiling is $15.194 trillion)" http://www.zerohedge.com/news/its-official-total-us-debt-passes-15-trillion
End the default guarantees by the citizens, they can fail without bailouts.
We must stop bailouts, unjust wars and must cut defense budget at least by half.
On Jan 4th, 2011 a poll released by "60 minutes" showed that 81% of Americans favored taxing the rich and/or cutting military spending as the best way to cut our deficit. Only 3% recommended cutting Social Security.
In a week, we will see how much people's opinion matters in this nation.
I think that was proposed by Ron Pawl(it will not let me say his name correctly) . I was talking about the guarantees to pay back derivatives and CDO's.
You think $15 trillion in national debt is a problem? It's only 2.5% of the $600 trillion derivatives time bomb, 96% of which is held by JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs.
http://www.investorplace.com/2011/10/derivatives-the-600-trillion-time-bomb-set-to-explode/
I 100% agree. I hope derivative market blows out and outrages everyone. So that we get rid of the DEBT-MONEY PONZI SCHEME.
And I see no other ways to get rid of that power house (Banking Cartel) that make humanity their slaves. I have 2 posts on this one. If you have time, please take a look at them. I'm on the same side as you.
(1) http://occupywallst.org/forum/to-all-ows-supporters-worldwide-one-unified-demand
(2) http://occupywallst.org/forum/government-of-the-world-you-know-it-we-know-it-sto
Yes, and I'm sure Tim Geithner will figure out a way to bail them out again and the Obama administration will do nothing to regulate the derivatives market which is destroying the global economy.
Is Tim going to pay his taxes this year?
And if you think that's bad, that's only the derivatives reported
http://www.creditcontraction.com/images/affiliate/Great-Credit-Contraction-Liquidity-Pyramid-Large.jpg
http://www.youtube.com/watch?v=PaiL4h55rzk&feature=share
Long-winded explanation: http://www.youtube.com/watch?v=kdGi6Q3N9tY&feature=share
Alternative viewpoint: http://www.youtube.com/watch?v=4Z9WVZddH9w
Give us a break will you, if you are trying to say Obama is the cause of the upping of the national debt, think again. While I am no fan of Obama I think we all know that debt has skyrocketed because of the bush administration and money burning a hole in their pocket. They created the principal debt which has been compounding since, and now look what we have. Not to mention we are still funding two wars and bailing out corrupt financial institutions.
I agree with you. I'm not partizan: I voted for Obama, never voted for Bush. But as of now, Bush and Obama are identical to me.
What bothers me the most is the fact that government debt goes to Fed, a private bank owned by Goldman Sacs, Morgan Stanley, JP Morgan, BoA, and other private banks.
We bail out them getting into more debt. We spent our money on unjust wars. Our debt feeds war lords to develop more weapons. What about statutory laws; laws that are created to give our tax dollars to corporations (such as oil companies) for no good reason. THAT'S I'M AGAINST TO. AND THE DEBT MONEY SYSTEM I'M AGAINST TO. In the end, as we have seen in Europe, the People will be forced to pay that debt.
That said, would you like to give your government more permit to spend more?
If you have time, please watch this video:
G. Edward Griffin, "The Collectivist Conspiracy" [1:25 hr]: http://www.youtube.com/watch?v=jAdu0N1-tvU
If we don't pay taxes then we aren't paying for all this BS!
I think this is exactly what's going to happen (indirectly) to all debt-laden governments. Under austerity measures governments will collect less and less taxes and finally they will bankrupt. That means banksters will take a hike. How about that?
Goldman Sachs is winning
Banks freakin poppin champagne over this one!!!
Hope this will change with #OWS movement. Here is how our "Financial Empire" works:
Renaissance 2.0: Lesson 6 (part 2 of 3) - Brightening the Future: http://www.youtube.com/watch?v=O6HuzhMUHGM
I don't think liberal/Marxist/socialist/unhappy whatever understand or care about the national debt. The republicrats sure don't.
I say politicians knew it very well. But they prefer to stand besides their bankster friends rather than the People they were supposed to represent and protect against their oppression. Henry Paulson, Ben Bernanke, Tim Geithner, Bush, Obama. They all come from Fed or have close ties with Goldman Sacs.
Besides, the debt-money monetary system and the sovereign debt concept is well hided from the People by the same politicians. Don't take my words, take Keynes's:
"Lenin was certainly right, there is no more positive, or subtle, or surer means of destroying the exiting basis of society than to debauch the currency. By a continuing process of INFLATION, governments [the Banking Cartel] can confiscate, secretly and unobserved, an important part of the wealth of the citizens. The process engages all the hidden forces of economics on the side of destruction, and does it in manner that not one man in a million can diagnose." — Jonh Maynard Keynes, "Unseen Hand: Economic Consequences of the Peace"
I don't blame the People. I had no idea before the #OWS movement. Now I know, now I can demand. We need to educate the People to break up bankster tyranny in this nation.
You make some valid points.
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Got nothing to do with stimulus 1 and 2. Where is that money? It went to Democrats to bring home to their constituents so they could get reelected, a big slush fund.
Obama killed the Canadian Keystone Oil pipeline and in the same breath told congress to pass his 3rd stimulus ('jobs') bill. There are many pipelines in the USA now with no environmental issues. It would have created tens of thousands of jobs and many industries so Obama is full of it when he says he wants to create jobs.
And please stop blaming Bush after 3 years, it's getting old, lib.
I don't think that the jobs bill was intended ever to be passed. It was just to appease the public.
You're absolutely right, let's not blame bush, let's take it all the way back to when Reagan took office because that is really where the financial crisis is rooted.
Bush, Obama: they are the same. If you have time, please watch this:
G. Edward Griffin, "The Collectivist Conspiracy" [1:25 hr]: http://www.youtube.com/watch?v=jAdu0N1-tvU
Of course the left thinks that taxing the rich more will somehow erase all that.
It's not left or right. If you have time, please watch this video:
G. Edward Griffin, "The Collectivist Conspiracy" [1:25 hr]: http://www.youtube.com/watch?v=jAdu0N1-tvU