national debt

Forgive Us Our Debts

ATHOM A FEW FACTS about our flipping national debt. LBJ's Great Society and a few other distractions—like the Vietnam war—stormed into 1969 and the Nixon era with buckets of deficit spending. Since then, the national debt has grown dramatically each decade, as shown below: • In the 1970’s, the national debt more than doubled, from $366 billion to $829 billion. • In the 1980’s, the national debt more than tripled, from $829 billion to $2.9 trillion. • In the 1990’s, the national debt almost doubled again, from $2.9 trillion to $5.6 trillion. • In the 2000’s, the national debt is...

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National Debt Made Simple

HE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: * US income: $2,170,000,000,000 * Federal budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cut: $38,500,000,000 (about 1 percent of the budget) It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for...


Yes Virginia, That's Why We Vote

EY BRIGHT PATRIOTS. IT'S TIME WE TAKE ANOTHER hospitable blow to the cheek from the always spot-on Ranger Joe, in a comment of his we discovered over at the stalwart American Thinker. The RJ comment really requires no other introductory context than a quick memory flash to the "permanent record" the current administration denies we have witnessed play out so far. Thanks to the snippy corporate media, a rather portentous and lawless organism which lives and dies by the snappy snippet, there is still ten percent of the population who haven't caught a clue. Let's whittle, however, that context down...