U.S. Debt Jumped $72 Billion Same Day U.S. House Voted to Cut Spending $6 Billion

[Dr. HK]

I am not sure what the heck is going on, this is getting worse and worse.

At the close of business on Monday, according to the Treasury Department’s Bureau of the Public Debt, the total national debt stood at $14.166 trillion ($14,166,030,787,779.80). At the close of business Tuesday, the debt stood at $14.237 trillion ($14,237,952,276,898.69), an increase of $71.9 billion ($71,921,489,118.89).

Since the beginning of fiscal year 2011--which began on Oct. 1, 2010--the national debt has climbed from $13.5616 trillion ($13,561,623,030,891.79) to $14.2379 trillion ($14,237,952,276,898.69) an increase of $676.3 billion ($676,329,246,006.90).

http://cnsnews.com/news/article/debt-jumped-72-billion-same-day-house-vo

 

[MaddSkillz]

Trying to bail out the Titanic with plastic cups.

 

[cjjtulsa]

I can hear the band playing, so everything must still be cool.....

 

[HMFIC]

I'm still too busy fiddling to be concerned.

 

[farmerbyron]

This is going to end well.

 

[Street Rat]

But Bush did the same thing...ah whatever. Eventually this house of cards is going to fall. Is anyong going to help us? I don't think I would want anyones help because I don't know what they would want in return. I wonder why at one time the richest nation on earth never had a surplus. It sounds like those cards were stacked against us from the very beginning.

 

[Dr. HK]

This is hard to swallow for sure much like the sea water. However after all is said and done I believe we will be alright.

 

[Perrone]

Let's just print some more money

 

[ZombieHunter]

The country was solvent and DID have the MEANS to create surplus in the late 1800's and early 1900's, Just before the Federal Reserve Act was signed into law in 1913, once that happened the Globalist Bankers had us by the throat and made the USA enact SOCIAL SECURITY so they could keep up with all the new slaves being born to pay taxes that they felt were owed for being "gracious" and bailing us out when we "needed" it.

This did not need to happen as we at that time were still on a GOLD standard and our PAPER money was not yet FIAT currency. after 1913 it only took 20 years for the bankers to get what they wanted and they got it in the form of taking us off the gold standard, and being able to print up as much money supply as they wanted, and charge as much interest as they wanted as well, in the form of you and I paying our taxes....this is why you have a social security number, not because they are you buddy and want to take care of you when you are old with what you paid in.....but so they can keep track of what you owe them, and they hope you die before 60 guaranteed.

 

[wufee]

Well hell, I think I'll go out and buy some more ammo.