Treasury: U.S. Borrowing Over 100% of GDP After Debt Ceiling Increase

The debt ceiling increase has helped raise our borrowing over 100% of GDP for the first time since 1947!
“The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.”

We are now borrowing $14.58 trillion, with a GDP of $14.53 trillion, showing that the Obama administration has no useful ideas, no experience, and no clue how to run a Capitalistic Democracy.

US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday.

Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country’s spending commitments reached a breaking point and it threatened to default on its debt.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit



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Inept, Gaffe Master, Joe Biden Calls Tea Party Patriots “Terrorists”!!

Up until a few weeks ago, I always thought that Joe Biden was a pretty honest Democrat in a sea of corrupt, un-trustworthy, socialist, jackasses, who want nothing less than to run our nation and it’s economy straight into the ground. But after Biden’s last “terrorist” remark, aimed at Tea Party Patriots, I now put Biden in the same unhinged, partisan jackass column as the rest of the Democrat Culture of Corruption.

Jackass Biden said that the Tea Party Republicans “have acted like terrorists”, when, if ANYONE has acted like a terrorist, it is Obama and the Democrats. Democrats caused every bit of the problems we are currently facing, and actually WANT our nation’s economy to crumble, and they have done everything in their power to make it happen.

Anyone who lies over and over to the American People, throws the Trillions of our dollars down the toilet, socializes large portions of the U.S. economy, and crashes the rest in a ball of flames, and then wants to spend more of our hard-earned money, with no idea how to fix …

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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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Summary Of Tentative Debt Ceiling Deal Reached Between GOP And Obama

This is a summary of the debt ceiling deal that the Republicans and Democrats came to an agreement on, which many say, will only moderately help our debt problem, and may allow Obama and the Democrats to jack up people’s taxes in the process.

Many in the media will attribute some of the details of the deal to the Tea Party, which would be correct. Without the Tea Party’s influence, Obama and the Democrats would have been able to take this debt deal in a completely different direction, which most independents and conservatives would not be happy with at all.

Obama’s plan would have consisted mostly of cuts to the military, and tax increases to you and me, but little change would have been done to curb the Obama Administration’s over-spending binge, which got us into this precarious position in the first place. It is also Obama’s over-spending binge, and the threats of extra tax liabilities (or “revenues” in “Democrat-speak”) which has kept our economy from recovering, despite all of their unfortunate bailouts, buyouts, and useless Obama “stimulus”, which didn’t …

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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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Democrat Senator Harry Reid: Tea Party Patriots Are “Extremists”

Jackass Democrat Senate Majority Leader Harry Reid (D-Nev.) has insulted a huge chunk of America by using the term “Extremists” to describe the multi-cultural, bipartisan Tea Party, whose widely-shared beliefs reach into every race and class of American society.

We hope that voters finally come to their senses and finally remove this piece of crap from office!

It’s actually pretty funny to hear Democrats call Tea Party Patriots “Extremists”, but they don’t have anything negative to say about the Communist, Marxist, and Socialist groups that control the Democrat party. Just look at the pictures from the liberal “One Nation Working Together” rally, which was put together as an answer to the powerful Tea Party Patriots.

Senate Majority Leader Harry Reid (D-Nev.) said he would never agree to a debt ceiling deal that would require another vote before the end of 2012, and blamed “extremists” from blocking a deal now.

A reporter asked Reid Friday if he would be open to a compromise allowing another vote before the end of 2012.

“No, no, no. We cannot be in this battle



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Just The Beginning: Obamacare Taxes Forces Move of 1400 Jobs To China

Thanks to the taxes that Obamacare places on medical devices, Boston Scientific Corp. has decided to lay off close to 1500 people here in the United States, and move those jobs to China, where they will not be subjected to the over-reaching and overbearing regulations placed on them by the Obama administration.

Many people, including us, said long ago that Obamacare will cause issues like this to start happening at a much more frequent pace, and now we see it starting to come true, as most of our other predictions have as well.. and this is just the beginning!

Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 1/2 years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.

The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based. In February 2010, Boston Scientific said it would pare 1,300 jobs worldwide, but similarly did not say where.



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Obstructionist Democrats Have No Plan & Want Crisis To Continue Until Default

Obama and the Democrats have no viable debt ceiling plan of their own, and will not allow any Republican plans to make it passed the Senate, so no matter what plan the Republicans come up with, it will never even make it to Obama’s desk.

Not only will the Democrats not vote to pass any Republican plans, they are campaigning against all Republican plans (without even seeing them), instead of helping find a viable solution to the crisis that Obama and the Democrats caused with their bailouts, corrupt policies, and out of control binge spending.

When the shit hits the fan, don’t believe the Democrat spin trying to be passed off as fact by most of the corrupt media. The Democrats planned things to work this way, and there is absolutely nothing Republicans can do to make the jackasses play ball.

The REAL reason for any problems we are currently having are due to having a completely inexperienced socialist as U.S. President, who nobody in the media properly vetted because they were too busy getting chills up their legs.

“Let



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