Obama's Spending more than all his Predecessors from Washington through HW Bush combined!

(CNSNews.com) - The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30.

That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion--more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

This $4.212-trillion increase in the national debt means that during Obama’s term the federal government has already borrowed about an additional $35,835 for every American household--or $44,980 for every full-time private-sector worker. (According to the Census Bureau there were about 117,538,000 households in the country in 2010, and, according to the Bureau of Labor Statistics, there were about 93,641,000 full-time private-sector workers.)

When Obama was inaugurated on Jan. 20, 2009, according to the Treasury Department, the total national debt stood at $10,626,877,048,913.08.

At the end of January 1993, the month that President George H. W. Bush left office, the total national debt was $4.1672 trillion, according to the Treasury. Thus, the total national debt accumulated by the first 41 presidents combined was about $44.8 billion less than the approximately $4.212 trillion in new debt added during Obama’s term.

The Immorality of our Nation's Debt

Planned Parenthood Front & Center

I'm part of that "vast majority of Americans". If you want to fund it, do it privately, but don't take my tax dollars and use it to kill babies.

from: http://news.yahoo.com/s/ap/us_spending_showdown_planned_parenthood

"The country is broke and the vast majority of Americans don't want tax dollars to take the life of unborn children," Rep. Jim Jordan, R-Ohio., chairman of Republican Study Committee, told reporters in a conference call.

Trump Making Sense???

Leaving the Dollar Behind?!!

We truly are living in unprecedented times...

from: http://www.wnd.com/index.php?fa=PAGE.view&pageId=258069

WASHINGTON – Virginia state Delegate Robert G. Marshall has introduced legislation to study whether the Commonwealth should make the preparations now to switch suddenly to an alternative currency in the event of an implosion of the Federal Reserve System and the destruction of the dollar.

House Joint Resolution 557 is another piece of a growing movement among state legislators who are concerned about the dollar's demise. Ten states have considered similar bills, recommending a return to some form of a commodity-based currency, using either silver or gold.

Ron Paul warns of Economic Collapse

Take careful note of our options in an economic collapse. The government, when the dollar collapses, will say that, for the sake of the people, they should be given unparalleled power. Right now, we need to be insisting that our government quit spending our dollar into oblivion. Rep. Paul has great ideas for saving the union and shares them in this video. But if we cannot stop it, we must depend on each other, not on the government. Prepare now, and get ready to help others.

Pentagon planning for Major Economic Issues?

Dollar = World's Weakest Currency

Thank you, Mr. President and Federal Reserve.

from: http://www.bloomberg.com/news/2010-11-18/dollar-to-become-world-s-weakest-currency-drop-to-75-yen-jpmorgan-says.html

The dollar may fall below 75 yen next year as it becomes the world’s “weakest currency” due to the Federal Reserve’s monetary-easing program, according to JPMorgan & Chase Co.

The U.S. central bank, along with those in Japan and Europe, will keep interest rates at record lows in 2011 as they seek to boost economic growth, said Tohru Sasaki, head of Japanese rates and foreign-exchange research at the second-largest U.S. bank by assets. U.S. policy makers may take additional easing steps following the $600 billion bond-purchase program announced this month depending on inflation and the labor market, he said.

BIG-TIME Inflation coming

We need to really begin to help each other. As the government continues to print money, inflation is going to continue. And as inflation continues and people continue losing their homes, their cars, their food money, etc, many people are going to start calling on the government for more help. And the government will say, "We need to give ourselves extraordinary powers during these extraordinary times...and besides, people WANT us to have this power to help them!" But, beware, once government gets power, they very often never relinquish it. Don't ask the government; let's ask each other. Let's help each other.

Rep. Paul and the Federal Reserve

Praise God! This is one of my biggest beefs. We can cut, cut, cut our Federal budget in Congress, but if the Fed continues to print money, it won't matter one bit. Our dollar will disappear.

from: http://www.wnd.com/index.php?fa=PAGE.view&pageId=230065

Change is about to come to monetary policy on Capitol Hill, but it might not be the type of change President Obama or Federal Reserve Chairman Ben Bernanke have in mind.

Rep. Ron Paul, R-Texas, a strong critic of fiat monetary policies, is scheduled as the ranking member to become in January the chairman of the House Financial Services Subcommittee on Domestic Monetary Policy and Technology, commonly known as the "House monetary subcommittee."

Known for his outspoken criticism of the Federal Reserve and for his determination to return the U.S. dollar to some form of a gold standard, Paul, as chair of the House monetary subcommittee, will have a position of authority from which to hold a serious and robust public debate about decades of government monetary and fiscal policy.

In an exclusive interview, WND asked Paul what he plans to do once he becomes chairman of the panel.

"First and foremost, I want the subcommittee to actually begin talking about monetary policy," Paul said. "The Federal Reserve has insisted that Congress has no role in monetary policy. But that's not what the Constitution says."

Article 1, Section 8 of the Constitution assigns to Congress the right to coin money; the Federal Reserve Act of 1913 created the Federal Reserve. There is no mention of a U.S. central bank in the Constitution.

In Congress, Paul has been in the lead, sounding the alarm as federal budget deficits under President Obama have escalated in fiscal year 2010 to $1.3 trillion, while the national debt has mounted to nearly $14 trillion, a sum that nearly equals the nation's gross domestic product.

"The Fed operates in secret," Paul said. "What the subcommittee needs is to act like a monetary policy committee. What we need is an honest debate in which subcommittee can bring to the American public views the Fed may never consider."

The US going bankrupt a "mathematical certainty"?

...this is frightening...
The frightening thing is: our leaders KNOW this will happen. The only conclusion we can reach is: they WANT it to happen. Why? A One-World Government.

Quit Spending...

Please, US Government, listen to reason. Unless you are TRYING to sink us, stop spending!!

Read my lips: "STOP SPENDING!!!"

Interest on our Monumental Debt

This is absolutely insane and immoral! Tell your senators and representatives to stop spending!

from: http://stossel.blogs.foxbusiness.com/2009/12/07/pay-back-the-debt/?test=latestnews

How much money are we talking about? Today, the national debt is topping $12 trillion and the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year. To put these numbers in perspective, Edmund Andrews writes in the New York Times that this means an additional $500 billion a year in interest payments in less than 10 years, which is "more than the combined federal budgets this year for education, energy, homeland security, and the wars in Iraq and Afghanistan."
Borrowing money has consequences. We have to face them sooner rather than later.