The Truth About the Government Debt Default

[Cabal]

http://www.youtube.com/watch?v=AVzCalrPHZ0

[Feeding the Abscess]

Molyneux nailed it, as usual. He's at his best in these settings, if you ask me. Though he's also pretty good when he riffs on a subject.

[HOLLYWOOD]

I posted this yesterday for a perspective of money/economy lost due to debt and having to pay the interest on that debt:

ANNUAL DEBT EACH YEAR UNDER OBAMA & THE 2 WINGS of the same VULTURE
2009: $1.61T
2010: $1.71T
2011: $1.20T
2012: $1.21T
2013: $850B

TOP 5 STATES GDP FROM FEDERAL SPENDING
VA 18.8%
MD 18.8%
AK 19%
NM 19.3%
HI 24.3%


INTEREST PAID ON THE NATIONAL DEBT
2008: $451.2B
2009: $383.1B
2010: $414.0B
2011: $454.4B
2012: $359.8B
2013: $416.0B

INTEREST ON DEBT 2008-2013: $2.4785 TRILLION

[Acala]

I posted this yesterday for a perspective of money/economy lost due to debt and having to pay the interest on that debt:

NATIONAL DEBT EACH YEAR UNDER OBAMA & THE 2 WINGS of the same VULTURE
2009: $1.61T
2010: $1.71T
2011: $1.20T
2012: $1.21T
2013: $850B


INTEREST PAID ON THE NATIONAL DEBT
2008: $451.2B
2009: $383.1B
2010: $414.0B
2011: $454.4B
2012: $359.8B
2013: $416.0B

INTEREST ON DEBT 2008-2013: $2.4785 TRILLION


I think the title of the first part should be "Annual Deficit" rather than "National Debt"

[HOLLYWOOD]

I think the title of the first part should be "Annual Deficit" rather than "National Debt"changed it... I used my older, unproofed version.

[Zippyjuan]

Keep in mind a couple of things. One- the first "Obama" budget was fiscal year 2010- which started in October 2009- not FY 2009. Until that point, we were under a budget passed under Bush. Second- budgets are written by Congress, not presidents. They only sign or veto them.

[pcgame]

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