MOUNTAIN OF DEBT: Rising debt may be next crisis (AP)

Some of you folks that are blaming Obama might acutually might want to "read" the article. We were appox. 10.5 trillon in debt before he stepped into office. The National debt started 200 plus years ago. Read the article, instead of making your "little world" with hate lined streets.

Well lets see we are already in debt but then Obama wants to put in all the watch dog agencies to watch people, socalist health care, spending billions on bail outs for the rich, slowing a stalled econemy further with new legislation and then raises taxes on everything. Lets see the so called fat tax, snapple tax, alcohol tax, tobacco tax, firearms tax and so on. All this so dead beats, politicians, trustfunders and illegals can CONTINUE to have a free ride while the lower and middle class tax payers CONTINUE foot the bill. Nice with every bill he passes we will see higher taxes and more government control welcome to America Communism.

Debt=slavery. Too many USA citizens are enslaved in their daily lives, dependent upon large corporations or government for their paycheck; deprived of their property rights by repressive HOAs; resigned to unreasonable searches and seizures in schools, airports, courts, public buildings and highway checkpoints. We the People are being slowly conditioned to accept and comply with totalitarian rule.

How to regain our freedom? Pay off your debts. Avoid future indebtedness, and insist that your government do the same. We must ALL insist our representatives live within their budget; and WE the People must do likewise. Face it: Our wretched public finances reflect our wretched private finances. Change your life; change your representatives; change the USA. Start TODAY!

Democrat spending on useless hand out programs is what got us into this mess.

Vote the democrats out of office before it's too late.

Vote Republican and make America a country with a real future.

Ask your congressmen and the token president why they don't have to pay social security and medicare taxes but we do.

Democrats = Crooks looting America

Has anyone noticed that Obama is using the same economic policy as Robert Mugabe?

This is just a miniscule portion of what got us in this situation (I think).
1- Americans carrying too much personal debt.
2- Financial Organizations being forced to give loans to people who they know couldn't afford it.
3- Too many programs that take the place of parents teaching their kids.
4- Too many freebies to people who don't take responsibility for their actions. Americans are expected to pay them to drop their litter in hospitals.
The list goes on.

...We are the UNWILLING led by the UNQUALIFIED doing the UNNECCESARY for the UNGRATEFUL...signed..the American taxpayer

yes usa was in debt before but obama just sold out our great grandkids cant start recovering by spending more

has anybody heard of a guy named george bush who got us into two unwinable wars, gave massive tax breaks and welfare to the the rich?
does anybody think he had anything do with this? anybody?

not a total recovery but a good place to start is STOP LETTING ILLEGALS GET EVERYTHING FOR FREE!!!!!!!!!!!!!! TOTAL UP MEDICAL NEW SCHOOLS BILINGUAL TEACHERS FOOD STAMPS FREE HOUSING NO TAXES ON THEIR CHECKS AND HOW ABOUT ALL THE $$$$$$ THAT`S SEND OUTTA THE USA WE GOTTA START SOMEWHERE MIGHT AS WELL BE HERE STOP ALL THESE THINGS FOR PEOPLE THAT AREN`T SUPPOSE TO EVEN BE IN THIS COUNTRY

The US dollar will be worthless before long! The National Debt will never be paid off! As the US sells itself off to other nations, where and who are going to be taxed to pay for all these debts? I quit paying taxes and filing 7 years ago and left the country! This is how pissed off I got! Today I own nothing; and I owe no one a damn dime! When the government gets it's act together and runs the country as a business...then I'll start paying again! People bitch about the people being on Welfare! The government has been on welfare for as long as I can remember! They do nothing and mainly provide for themselves and not the people who they are supposed to represent! Those of you bitch'n about Obama and his increase...step back and remember all the debt Bush put on the country! When Obama entered the office the national debt was almost 11 trillion...who put that there!!?

Well Dems, how’s that hopey, changey working for you? That’s OK, right? We can solve the whole problem by raising taxes. The higher the unemployment rate gets the more we’ll make take from those who still have a job. You that voted for Obama are getting exactly what you wanted, and you’re going to get it where you don’t want it. YOUR PAYCHECK! YOU fools voted to pay higher taxes. Did you really think he was honest when he said YOUR taxes wouldn’t go up? You’ll believe anything, won’t you? When MJ’s death was announced, I told friends to watch their congressmen because there is no telling what they’ll try to slide through while that dominated the news. When the smoke cleared, we had been hit with the largest tax (carbon) increase in history. I’m not surprised. That bill laid there waiting for just this kind of opportunity. That’s the kind of s**t you shallow, uneducated, liberal morons voted for. Obama isn’t the problem, anti-American voters are.

Rising Debt = Rising Taxes
This is change you can believe in.
"yes HE can" and he will. Thanks Mr. President..


REVOLUTION

b******* .. WHO IS WRITING THIS CRAP?!?

Paying for protection of our borders IS the job of the FED... THAT is the ONLY justifyable expense the Fed has!!!

YOU CANNOT say that its wrong to spend on protective war

Our debt concerns are about all the money that has been illegally spent by the Liberals on social programs in the last 100 years not since the beginning...

You Can't blame the founding fathers for our debt.. It's the fault of the social engineers who think they know better than all men are created equal to fly, walk or die!!!

WELL,WELL,WELL. YOU ALL SIT AROUND COMPLANING.

WHY DONT YOU GET OFF OF YOU FAT BUTTS AND TRY
CHANGING WHAT YOU DONT LIKE.

Remember the "STIMULUS" package? Guess what?
YouTube - Explosive Video Reich, Obamas economic advisor no "White Male Construction Workers"
Pressured, YouTube pulled the video.
Former Clinton Administration Labor Secretary, Robert B. Reich, the black gentleman is Congressman Charles Rangel, (D-NY)
Ways and Means Committee, January 7th, 2009
THE VIDEO YouTube pulled:
http://www.wntube.net/play.php?vid=1927

Founding Fathers my ass!

The national debt exists because in 1913 we allowed the Federal Reserve to be created. We've been BORROWING dollars from them ever since and we have to PAY them back with INTEREST. We will never get out of it while the Fed still draws breath! There is never enough money in circulation to pay off the national debt because there will always be interest to be paid!

Before 1913, Congress was the only institution allowed to print and coin money. There was no debt to be repaid on that money. Today, the US Mint prints and coins The Fed's money, not our money, and ships it to them. The Fed then loans some money to the US government, which has to be repaid with interest.

The national debt will continue to increase and one day, you'll have some big country like China coming in and "bailing" us out by paying off our national debt and interest.... and then they'll own us. It's not like the Fed cares... it's a group of private banks. They care about making money and they don't care who the President is.

One of the biggest "banksters" of our world, Mayer Amsched Rothchild once said, "Permit me to issue and control the money of the nation and I care not who makes its laws."

That's how it is in our country, folks. Obama doesn't call the shots; Bush didn't call the shots; Kennedy didn't call the shots, but he tried..... the ones that call the shots are the CEO's of the major corporations, with the Federal Reserve at the top.

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." --Thomas Jefferson 1787

Its sad when the white male in america is a minority in his country that his father before him fought his ass off for. I know every race has fought in every war, but the hand outs need to end. If you have the means to hold your own then get off your ass and do it. And for the damn Politics in our country need to end. I do not mind people coming into the US, but do it leagally. Like NewYork giving illegals D license for votes makes me sick. To all Polititions today just go get a real job than run for office. Lazy bastards

http://www.nationalpolicyinstitute.org/
Immigrants need JOBS, they need HOUSES, they need WATER, you really want to have them voting?
THIRD WORLD AMERICA, STOP IT BEFORE IT IS TOO LATE!

Obama may not have started the debt but these stimulus bills and socialized health care are adding to it. Why not find ways to decrease debt? Maybe senators and representatives don't need life time health care? Maybe they should have to purchase insurance like everyone else? Maybe the part time legislature should be paid like it is part time and not given pension forever and ever on our dime? Just some thoughts.

What a bunch of inmature crybabies on here............

This Socialist Administration's budget is unsustainable!!

Energy bill=LOST JOBS DUE TO OUTSOURCING

stimulus=DID NOT WORK, UNEMPLOYMENT SOON OVER 10%

nationalized health care=DISASTER (ask Canadians & Europeans why they come to U.S. for treatment)

Socialism=HIGHER TAXES FOR EVERYONE

Vote these spend,spend, spend dumbocrats out of office

Wake up America

socialist health care is better than no health care.
don't matter how it work if does good and solve a big problem.

Michael Y: Yes, you are right. When Obama became president, the national debt was about $10T. But his policies will DOUBLE that during his term. That means your hero will amass debt equivalent to the total of ALL presidents before him. That is something to be proud of? Obama is borrowing us into extinction and nationalizing the private sector like nobody else before him as well. This is hardly change for the good.

NODEMS 2010
NOBAMA 2012

In 1977, Congress enacted the Community Reinvestment Act, which prohibited banks from discriminating against poorer-risk customers, including those who lived in poorer parts of town. However, the banks didn’t actually have to assume the risk of the loans. That’s where Fannie Mae and Freddie Mac came into the picture. They are quasi-government agencies that would purchase the mortgage loans from the banks, thereby relieving the banks of the risk of default.

Fannie Mae and Freddie Mac would then package the mortgages into collateral for debt instruments issued by them. The reason that investors all over the world purchased those debt instruments as investments is that the U.S. government was serving as an implicit guarantor of mortgage-backed securities. The idea was that if borrowers defaulted in payments on their loans, investors wouldn’t lose their money because the federal government would cover the losses.