The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Snowstorm Nemo: denial vs. reality||Date: 2/10/2013 1:16 PM|
|Author: eatenbybears||Number: 1858793 of 2130598|
How has he done that? (It hasn't worked so far.)
He has not accomplished or even attempted to balance a budget.
Did he go over by 100 billion? .... 250 billion? ..... 500 billion? ...... No ... Not close ... 2012 he went over $1.327 trillion.
Not a word about the national debt, $16.5 Trillion dollars, expected to be $22 trillion by the time he leaves office.
What beyond that has not been spoken of?
We can only barely pay the interest on our debt now. Once inflation and our own debt swings interest rates back up, even to 4% .... we will not be able to pay it and keep the government funded ... even with cuts once that point is reached .... rounding out ... lets call the mandatory payment to be over $1 trillion dollars per year by 2016.
If I was Obama, I would be standing on the Capital Dome screaming about this desperate situation that will shatter our county. Instead, he screams about getting rid of 13 shot pistol magazines .... A President should be a leader, One who guides the country, one who alerts the country to distress. .... Obama is far from that.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|