What You Don’t Know About The National Debt | Yolohub

Originally Posted by hdh1470

What You Don’t Know About The National Debt | Yolohub

Of the twenty-seven things everyone shod know about the national debt, theses stood out for me....

• It took more than 200 years for the U.S. national debt to reach 1 trillion dollars. In 1986, the U.S. national debt reached 2 trillion dollars. In 1992, the U.S. national debt reached 4 trillion dollars. In 2005, the U.S. national debt doubled again and reached 8 trillion dollars. Now the U.S. national debt is about to cross the 16 trillion dollar mark. How long can this kind of exponential growth go on?

• The U.S. national debt has increased by more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives in 2010. So far, this Congress, the one that began after the 2010 mid-term elections, has added more to the national debt than the first 97 Congresses combined. (Remember what he Republicans promised if they got control? And we believed them? The joke's on us, isn't it?))

• If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 480,000 years to completely pay off the national debt.

• The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

• The U.S. government is wasting your money on some of the stupidest things imaginable. For example, in 2011 the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop

If these few get you irritated, read the whole list of twenty-seven in the linked article.

Originally Posted by Villages Kahuna

Of the twenty-seven things everyone shod know about the national debt, theses stood out for me....

• It took more than 200 years for the U.S. national debt to reach 1 trillion dollars. In 1986, the U.S. national debt reached 2 trillion dollars. In 1992, the U.S. national debt reached 4 trillion dollars. In 2005, the U.S. national debt doubled again and reached 8 trillion dollars. Now the U.S. national debt is about to cross the 16 trillion dollar mark. How long can this kind of exponential growth go on?

• The U.S. national debt has increased by more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives in 2010. So far, this Congress, the one that began after the 2010 mid-term elections, has added more to the national debt than the first 97 Congresses combined. (Remember what he Republicans promised if they got control? And we believed them? The joke's on us, isn't it?))

• If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 480,000 years to completely pay off the national debt.

• The United States already has more government debt per capita than Greece, Portugal, Italy, Ireland or Spain does.

• The U.S. government is wasting your money on some of the stupidest things imaginable. For example, in 2011 the National Institutes of Health spent $592,527 on a study that sought to figure out once and for all why chimpanzees throw poop

If these few get you irritated, read the whole list of twenty-seven in the linked article.

Thanks for your post and while we dont agree a lot, your posts do send me looking for info which is one of the main reasons I come here..

Been searching to try and learn a bit more on this..found these little tidbits...

.....Republicans won a majority in the U.S. House of Representatives in the November 2010 elections and took control of the House on Jan. 5, 2011, when the chamber convened and elected Rep. John Boehner (R.-Ohio) as speaker.

But the Republican-controlled House did not gain a veto power over federal spending until March 4, 2011. That was the expiration date of the continuing resolution (CR) that the lame-duck Democrat-controlled Congress approved in December 2010. After March 4, federal spending has been approved by legislation that needed to be approved in the Republican-controlled Hou

.....On March 1, 2011, the Republican-controlled House passed its first CR to fund the government after March 4. Since then, it has approved a series of CRs to keep the government funded. The Republican House approved its latest CR on December 16. It will keep the government funded until the end of fiscal 2012 on Sept. 30.

Eighty-six House Republicans went against their party leaders and voted against the Dec. 16 CR, which actually garnered more votes from House Democrats (149) than House Republicans (147).

.....When the Republican-controlled House approved its first CR on March 4, 2011, the national debt was 14,182,627,184,881.03, according to the U.S. Treasury. As of the close of business on Jan. 9, 2012, the national debt was 15,236,506,139,986.86.

That means the debt increased by $1.05 trillion over the past ten months.

Spending Bills Passed by GOP House Increased Debt $1T in 10 Months | CNSNews.com

I think the votes for the last CR raise my interest a bit, as it appears there is a faction trying to hold the line

A few other tidbits I found in my search...

.....Obama in his new tax plan want to raise taxes on 900.000 small business which is not going to foster new job growth

.....We over paid unemployment benefits this fiscal year by 14 Billion dollars

.....US still owns 26.5% of General Motors and the loss to the US as of now is about 35 Billion

..... Congress exempts the cost of their own retirement benefits from calculating the deficit, so it is MUCH higher

.....80 Billion dollars is spent on food stamps each year and the government keeps secret on what and where it is spent.

.....The government will spend 881 million to IMPLEMENT the new health care law

.....The number of millionaires in this country has fallen by 129,000

All of this should make you sleep well at night...our government is at work.

Tax Flip-Flop: Obama Moves Left Of Pelosi, Punishes 900,000 Small Bizs

Government overpaid $14 billion in unemployment benefits - Yahoo! Finance

General Motors Stock At 2012 Low, Lifting Loss Taxpayer Losses To Nearly $35 Billion by Andrew Malcolm - Investors.com

Real Federal Deficit Dwarfs Official Tally

Top secret: $80B a year for food stamps, but feds won't reveal what's purchased - Washington Times

IRS to Use $881 M in Taxpayer Dollars to Implement Obamacare

News Headlines

Lots of info, Bucco. But however you want to count up the votes in the House, or choose dates to measure the growth of deficit spending, under a Republican majority in the House of Representatives spending bills have been passed which will create the largest annual deficit in U.S. history--$1.6 trillion in fiscal 2012. The Republicans are no more fiscally conservative than the Democrats before them. In fact, the numbers say they're even bigger spenders! They're much the same bunch that started the ramp up of deficit spending and debt under George Bush.

And as you so frequently remind me about President Obama's shortcomings, I'll remind you what I said when the GOP took control of the House. I said that there would be no material change in spending, regardless of the impassioned Republican campaign promises. Now I have to say...I TOLD YOU SO.

Originally Posted by Villages Kahuna

Lots of info, Bucco. But however you want to count up the votes in the House, or choose dates to measure the growth of deficit spending, under a Republican majority in the House of Representatives spending bills have been passed which will create the largest annual deficit in U.S. history--$1.6 trillion in fiscal 2012. The Republicans are no more fiscally conservative than the Democrats before them. In fact, the numbers say they're even bigger spenders! They're much the same bunch that started the ramp up of deficit spending and debt under George Bush.

And as you so frequently remind me about President Obama's shortcomings, I'll remind you what I said when the GOP took control of the House. I said that there would be no material change in spending, regardless of the impassioned Republican campaign promises. Now I have to say...I TOLD YOU SO.

Oh..I never tried to defend or hide any of that. I oppose Obama, which does not translate into anything other that exactly that.

Originally Posted by Villages Kahuna

Lots of info, Bucco. But however you want to count up the votes in the House, or choose dates to measure the growth of deficit spending, under a Republican majority in the House of Representatives spending bills have been passed which will create the largest annual deficit in U.S. history--$1.6 trillion in fiscal 2012. The Republicans are no more fiscally conservative than the Democrats before them. In fact, the numbers say they're even bigger spenders! They're much the same bunch that started the ramp up of deficit spending and debt under George Bush.

And as you so frequently remind me about President Obama's shortcomings, I'll remind you what I said when the GOP took control of the House. I said that there would be no material change in spending, regardless of the impassioned Republican campaign promises. Now I have to say...I TOLD YOU SO.

No material change in spending is correct. Plus no change in ways to pay for it.