Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Tuesday, August 9, 2016

Donald Trump Vows To Eliminate National Debt In Two Terms As President



Donald Trump
 
A recent report reveals, Donald Trump, has pledged to eliminate U.S. national debt in two terms, if elected President of the United States in this year's election. Two U.S. presidential terms equals eight years in office. The business mogul made the bold statement while unveiling his economic plan for America. Trump stated he would negotiate trade deals to accomplish this goal. 

Current U.S. President, Barack Obama, has sent the national deficit to a record high of $19 trillion dollars, via wild, unruly, fruitless spending. Obama promised to lower the national debt, but did the exact opposite and to America's detriment. This proves what the Judiciary Report stated all along about America - years of austerity is the way out of the nation's financial problems (as well as solid job creation). 

The U.S. government spends far too much of the people's tax money on things not worthy of the funding. Huge sums of the American people's tax money is tied up in fulfilling crooked corporate promises made in backend deals by politicians and their teams, while they were trying to get into office. Special interests via greedy corporate entities who want to control America has been the order of the day and the American taxpayer has unwittingly underwritten it. 

The Bush and Obama presidencies has been about secret campaign promises in exchange for political favors, regarding rewarding greedy rich people and wealthy corporations, for money they initially fronted up to them during their respective elections. America needs an honest president willing to clean up the dirty deals and say no more.   

Sunday, July 3, 2016

American National Debt Hits Another Record High Under President Barack Obama


Barack Obama
 
A recently released report reveals, "Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office." 

People who love to spin everything Obama does, please explain this. For Obama’s entire presidency I stated he needs to stop the excessive spending. However, Obama and his cabinet just kept on spending to the point America’s debt is at an all time high. Obama has spent more than any other US president. Tell me, how is that a good thing setting record debt. This is not something any head of state should want attached to their name and under poor economic conditions in a nation. 

History, the basic principles of government and finance state, you cannot operate in such a manner and not see adverse results negatively impacting the population. All the spinning in the world will not matter when America goes bankrupt and the nation's way of life negatively changes due to the overspending that occurred during this time. However, with some irrational people, when it comes to Obama, everybody’s a hater. No, you just don’t know basic math (Newly Released Financial Data Reveals America Has Hit An Unprecedented Economic Low Under President Obama). 

Some of you sound like programmed robots. Everything coming out of your mouths, no matter the subject or unrelated the theme is, "OBAMA, OBAMA, OBAMA, OBAMA, OBAMA" like you're brainwashed, like someone wiped your brain clean of all logic, common sense and diversity. Somebody could be talking about a piece of gum on the ground and some brainwashed folks will find a way to turn the conversation into "OBAMA, OBAMA, OBAMA, OBAMA, OBAMA." There's a lady I knew that was like that, like her life depended on it, due to the government harassing her to speak to me over this column, because clearly the megalomaniac, censorship loving Obama Administration thinks free speech and free press, as guaranteed by the Constitution, is something to be obsessively violated (see RELATED ARTICLES for other examples of the Obama Administration targeting journalists and bloggers).  

Tell me, how was it wrong to state from the beginning of his presidency, that Obama should go with austerity to correct financial deficiencies in the U.S. economy, damaged by former President George W. Bush. Instead, Obama spent a record amount of money, more than Bush and the U.S. economy is now at the worst place it has ever been. Apparently, telling people the truth for their own good and the overall good of society, makes one a hater. 

STORY SOURCE

National debt jumps nearly $100 billion in one day to record high

7/2/16 12:01 AM - The U.S. national debt is creeping up again, after holding steady for the last few months thanks to the annual flood of individual and corporate tax receipts. Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion. The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office. 

The total debt had been essentially flat since March, when it hit $19.2 trillion. Growth in the national debt often slows or plateaus in the spring and early summer, as tax receipts in April help balance out federal spending that's on a current pace to exceed receipts by $500 billion. 

Thursday, June 23, 2016

Presidential Poll: Americans Believe Donald Trump Would Handle The Economy Better Than Hillary Clinton


Donald Trump
 
A newly conducted CNN poll reveals Americans are of the belief, Donald Trump, would handle the U.S. economy better than rival, Hillary Clinton. 51% of Americans believe Trump would do a better job with the economy, as opposed to 43% who favored Clinton. Trump and Clinton are currently squaring off in the 2016 presidential election and vying for votes in a contest that is the most contentious to date.

Clinton’s campaign is largely being funded by the Saudi Arabian royal family and other foreign donors. She is using the contacts of husband and former President, Bill Clinton, to raise money. Clinton currently has $48,000,000 in donations. Trump, on the other hand, has received far less donations, totaling $1.5 million dollars. This is ironic, as he had the most votes in the primaries. For Trump to gain more donations, he would have to seek out business associates and request his many voters give to his campaign. Trump has stated he will self-fund and he can afford it. $48,000,000 is chump change to him.

While it is true Trump has far more business experience than Clinton, she is painting him as someone who would bankrupt America. The fact of the matter is both Clinton and Trump have been the subject of big financial scandals. The difference is Trump knows how to use the business system to make money, while protecting his own wealth and assets, even if investors and banks get burned in the process (he has filed for business bankruptcy 3 times). He’s as rich as ever. Trump owns many valuable properties.

In contrast, Clinton is constantly slipped crooked money from all over the place in shady financial dealings she conducts offshore, in exchange for favors using her U.S. government contacts (also known as bribe money). Clinton has bank accounts all over the place in the international community containing questionably acquired funds. The Colombian government recently called Clinton’s conduct into question, forcing her to shutdown a secret company she created in their nation, to quietly solicit money from all over the world, like it was a hedge fund. However, it was no such thing.

Clinton is not a moneymaker, per say. As president she would not know how to make money for America. She is used to being given money for things she will not honestly talk about in a public interview, for fear of being hit with criminal charges. Trump knows the banking system and financial world in general. However, if he became president the problem is he could bend to the will of the rich in America and let them stick it to and rip off the poor and middle class, as former President George W. Bush did when he was in office.


Hillary Clinton
 
As stated in past columns, the $1 trillion President George W. Bush spent on wars was devastating to the American economy. However, the record spending current President Barack Obama has done, has firmly set America on the path to bankruptcy within the next few years. The laws Obama had pushed through Congress is also doing its share of the damage in leading America towards bankruptcy.

Bank Of America recently released a statement revealing the cash levels in America are consistent with a recession. This concurs with claims made by other financial institutions and organizations, insisting the U.S. economy is still in bad shape. The financial crisis from 2008 is still raging on. However, select press outlets have exposed the fact accurate numbers are not being released by the government to cover up the toxic data (The Washington Post Accuses Congress Of Covering Up The True State Of The U.S. Economy). It is the same tactic President Bush used to cover his backside after greatly damaging the economy.

You can’t keep “kicking the can down the road” as the phrase goes, as you will reach the end of the road at some point. That time is rapidly approaching. As another phrase goes, “The buck stops here.”
This unruly financial spending is destroying America. For several years, the Judiciary Report has repeatedly emphasized the benefits of austerity to correct financial deficiencies in global economies, but Washington has opted to do the opposite, spending like a drunk gold-digger at the mall and the negative results of those poor choices will surface in full in the next few years.

The government hates honest criticism and correction. They prefer you kiss their butts and tell them what they want to hear…even if their course of action destroys the country.

 

Barack Obama

So, Washington, keep on spending like a gold digger at the mall with a famous man’s credit card, because to pay for those debts you are racking up, someone is gonna get screwed (sarcasm). In this case, it’s the U.S. taxpayers. America is steadily skidding towards bankruptcy due to the record spending Obama has done. As it progresses without correction on the government’s end, there will not be enough money for the federal government. Social Security is also in jeopardy.

From the beginning of Obama’s presidency I wrote that his financial plans would not work for America due to his announced massive spending initiatives, poor tax collection plans and overall lack of austerity. Now at the end of his presidency, you see that it has not worked.

Saturday, November 7, 2015

Obama Sends American National Debt Up $339 Billion Dollars In One Day

Who Is Going To Pay For All That


Barack Obama

This is a continuation of the article "Obama Doubled America's National Debt To Unsustainable Levels." This past Monday, U.S. President, Barack Obama, sent the national debt up by $339 billion dollars in one day. This unwise financial spending is going to further damage the U.S. economy. Where other nations have turned to austerity (for a time) and seen financial turnarounds for the better, the Obama Administration is inexplicably spending America into a massive financial hole.

The economy has not recovered from the George W. Bush years and the 2008 financial crisis that caused widespread damage. It would have been more prudent to make cuts, not go on a 7-year spending spree. I am still of the belief 1+1=2. Math when done correctly works. To disregard and discount established economic precedent, regarding world governments and global nations, in favor of fluke, flaky spending on unnecessary items, is to financially imperil a country and put it at a disadvantage.

STORY SOURCE

Debt ceiling lifted, and the same day, debt jumps $339B

11/3/15 4:25 PM - The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling. That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place. The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday.

The increase reflects an increasingly common pattern that can be seen in the total U.S. debt level when the debt ceiling is reached. At the end of 2012, for example, the government hit the debt ceiling, and the Treasury Department was forced to use "extraordinary measures" to keep the government afloat until the ceiling could be increased again. Those measures included decisions to delay issuances of certain debt instruments...
 

Thursday, November 5, 2015

Obama Doubled America's National Debt To Unsustainable Levels


Barack Obama

U.S. President Barack Obama has doubled the national debt in America to $20 trillion dollars. Obama's unruly, fruitless financial waste, has created a economic nightmare that will not be easily solved. No nation in world history has flourished under such massive debt. In fact, nations have financially collapsed under similar debt to GDP ratios. America is not earning the type of money as a nation to handle that debt load. The Obama Administration is tinkering with national data to hide the monstrosity of debt and what any person who knows even a modicum about economics realizes - the nation is headed for disaster.  

America does not occupy the same financial spot it once did in the world, with a deterioration that began under former president George W. Bush. However, Obama has spend more money than any president in U.S. history making the problem infinitely worse. To make matters even worse, Obama has blocked financial initiatives that have cost America many billions of dollars in revenue streams, under his tree-hugging hippy ways that don't amount to anything at the bank. 

STORY SOURCE

$20 trillion man: National debt nearly doubles during Obama presidency

By Dave Boyer - The Washington Times - Sunday, November 1, 2015 - When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.

When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011. “Congress and the president have just agreed to undo one of the only successful fiscal restraint mechanisms in a generation,” said Pete Sepp, president of the National Taxpayers Union. “The progress on reducing spending and the deficit has just become much more problematic.”