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by LuLu on September 24th, 2009

LuLu

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I see so many questions on bashing Obama. Is there any Pro Obama's out there? How can anyone expect Obama to fix everything less than a year in office. Bush and the republicans destroyed our economy. HELLO, where has everyone been at?

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  • by Iceander on September 2nd, 2011

    Iceander

    Facts:

    - During Barack Obama's first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

    - As of June 20th, the U.S. national debt was $14,344,524,186,068.19.

    - It took from the presidency of George Washington to the presidency of Ronald Reagan for the U.S. government to accumulate one trillion dollars of debt.

    - Since then, we have added more than 13 trillion dollars of additional debt.

    - If you divide up the national debt equally among all U.S. households, each one owes over $125,000.

    - Mandatory federal spending is going to surpass total federal revenue for the first time ever in this fiscal year. That was not supposed to happen until 50 years from now.

    - The U.S. government borrows an average of about 168 million dollars every single hour.

    The cost for the first week of airstrikes on Libya was 600 million dollars. Keep in mind that the leader of the opposition in Libya has admitted that his forces contain large numbers of the same "al-Qaeda fighters" that were shooting at American troops in Iraq. So we are going broke and we are helping al-Qaeda take power in Libya at the same time.

    - Just one day of the war in Afghanistan costs more money than it took to build the entire Pentagon.

    - According to a shocking U.S. government report, interest on the national debt and mandatory spending on entitlement programs will absorb approximately 92 cents of every dollar of federal revenue by the year 2019.

    - In the past, the U.S. government has spent $2.6 million dollars to study the drinking habits of Chinese prostitutes and $400,000 dollars to pay researchers to cruise bars in Buenos Aires, Argentina to find out why gay men engage in risky sexual behavior when drunk.

    - The level of government waste in this country is absolutely mind blowing. For example, the Department of Health and Human Services has just announced a brand new $500 million program that will, among other things, seek to solve the problem of 5-year-old children that "can't sit still" in a kindergarten classroom.

    You might be depressed after reading all of those statistics about the national debt, but there is some good news.

    If you would like to help address this problem, the federal government is actually taking online donations that will go towards paying off the national debt.

    Try not to laugh.

    The national debt is a problem that should have been handled 20 or 30 years ago.

    But it wasn't.

    So now what we have to look forward to is a very bleak future. Even if we totally scrapped our current monetary system and repudiated the debt, the transition would be "rocky" at best and we would not enjoy anything close to the standard of living that we are enjoying today.

    Unfortunately, the vast majority of our politicians in Washington D.C. would never even dream of abandoning the current system. Most of them still totally believe in it.

    But this current system is headed for an inevitable collapse. There is no way of getting around it.

    Even most of our top politicians are now admitting that our current state of affairs is "unsustainable". They just don't have the guts to do anything about it.

    A horrific economic collapse is coming.

    It is going to change the world.

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