In this cartoon, Pulitizer Prize-winning cartoonist Michael Ramirez compares the size of the M87 Black Hole to the United States National Debt.
The National Debt has reached a new historic mark – $18T and has risen 70% in the last 6 years. Haven’t we committed enough fiscal child abuse on our kids?
Peter Tanous at CNBC has an excellent breakdown on the hidden agenda behind the reason why the Federal Reserve keeps injecting massive amounts of money into the U.S. economy through quantitative easing. This is to keep interest rates low. If interest rates go up, did you know that in the future, the personal income taxes you pay may go to just servicing the interest on the national debt? Click the link above to read more. Our kids deserve better.
President Obama says ‘we don’t have to worry about the debt in the short term‘ (it’s only our greatest national security threat) and couldn’t bring himself to tell David Letterman how much debt our kids and grandkids will have to pay off.
The great Kevin Eder is 150% right on. I don’t have a lot of patience for politicians who bleat on and on about ‘fairness’ while the debt climbs $3 billion PER DAY. — Kevin Eder (@keder) May 5, 2012 Lee HernlyWelcome to my blog and thanks for dropping by! I post about faith, family, mac, […]
Talk about fiscal irresponsibility. President Obama is on track to add more debt in one term than the fist 43 Presidents combined.
President George Bush added $4.9 trillion during his eight years in office. President Obama is over five trillion in less than four.