Archive of posts tagged federal debt

Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

Obama's Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent "Leadership"

Obama’s Free-Falling Economy: U.S. Credit Rating Downgraded for 2nd Time Under Obama Non-Existent “Leadership”

For the second time in under 4 years, the brain-dead Obama administration has allowed our nation’s credit rating to be downgraded.

Citing the “quantitative easing from the Federal Reserve”, and mounting federal debt, Egan-Jones has been able to see through the Obama administration’s reality-bending ahead of the election, and are fully aware that the things that the Obama administration are doing to try and fool the voters into thinking that the economy is making a rebound are just smoke and mirrors designed to trick the American People.

Standard & Poor’s has already downgraded our nation’s credit rating, and Moody’s Investors Service said just this week that it will probably do the same.

Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does

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Obama Reponsible For 2 Largest Debt Ceiling Increases In U.S. History

I didn’t realize that before Obama got shoved into office, the largest debt increase was done by President Bush on March 27, 2003, and Bush only raised the debt ceiling by $984 billion.

The two largest debt ceiling increases have come from the Obama administration, in back-to-back years. Obama’s debt ceiling increase last year was the largest in the history of our country, and this new increase beats his old record by around $500 Billion.

So in two years, Obama has raised our debt ceiling $4.2 Trillion!!!!??? It makes sense, now that have to start paying for Obama’s out-of-control over-spending, which caused our financial mess in the first place.

Lets all work hard to get this out of control socialist idiot out of office as soon as possible!!!

The bill to increase the federal debt limit that has been put before Congress today would increase that limit by up to $2.4 trillion, which would be the largest increase in the debt limit in U.S. history by a margin of half a trillion dollars, according to records published by the Government

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Debt Ceiling Plans: Republicans 3, Democrats 0

The House of Representatives has passed their second of three debt ceiling / debt reduction bills, while Obama and the Democrats sit on the sidelines, with no plan of their own, criticizing Republicans for the hard work that they have had to undertake, with no help from the so-called Democrat “leadership” at all.

I’m convinced that Democrats want our country to go into default on our debt because that makes it much easier for Obama and the Democrats to impose their socialistic beliefs on us. Harry Reid has even said that the House plan is “Dead on Arrival” without even seeing the plan, and with no ideas of their own, other than to tax the crap out of U.S. Citizens.

With the U.S. moving perilously closer to defaulting on its loans, the House passed an increase in the federal debt limit as part of Speaker John Boehner’s third version of a deficit-reduction bill, which includes a balanced budget amendment — a pivotal provision for securing the support of hard-line Republicans.

The bill passed in a 218-210 vote, with all House

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Michelle Obama’s South Africa Vacation Cost Taxpayers over $500,000.00

Michelle Obama’s South Africa Vacation Cost Taxpayers over a half million dollars.Actually, they are saying that it could be closer to $800,000.00 when you take everything we had to pay for into consideration.

I’m so sick of hearing the Obamas and other liberals talking about cutting back and conserving, when they obviously do not plan on taking their own advice.   Remove the corrupt “King and Queen Obama”.

First Lady Michelle Obama’s trip to South Africa and Botswana last week cost taxpayers well over half a million dollars, possibly in the range of $700,000 or $800,000, according to an analysis by White House Dossier.

Many of the trip’s expenses cannot be obtained with specificity, including the cost of local transportation for the first lady, Secret Service protection, the care and feeding of staffers, and pre-trip advance work done by administration officials in South Africa.

But it is possible to estimate some of these costs and put a price tag on one of the major expenses – her transportation to and from southern Africa and her trips between cities there.

While the goals of her journey – “youth leadership, education, health and wellness”

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