President Obama would double the National debt in just 7 years in office. I don't blame him I blame the folks in congress that didn't even put up a fight. This is flat out embarrassing.

The middle class is spent. Where do we go from here...?

STICKER SHOCK: National debt to rise to $18.2 trillion

The price tag for Congress suspending the debt ceiling until March, 2015 may give some Americans sticker shock.

According to an analysis by the Senate Budget Committee Republican staff, the national debt when the debt ceiling comes back into effect will be $18.2 trillion, about $1 trillion more than the current, $17.2 trillion debt.

That's $18,200,000,000,000.

The analysis, requested by Breitbart News, is an estimate based on projected spending and revenue levels. Sen. Jeff Sessions (R-AL) is the top Republican on the Senate Budget Committee.

"This measure would increase America's debt limit approximately $1 trillion while failing to reduce spending by a single penny.

READ MORE............

http://www.breitbart.com/Big-Government/2014/02/12/Analysis-Debt-ceiling-hike-to-catapult-national-debt-to-18-2-trillion-by-March-2015

We need a solidly conservative (preferably Tea Party!) President who reduced the debt and deficit, like Ronald Reagan.

Quote from: Bismarck Revivalist on February 12, 2014, 06:52:56 PM
We need a solidly conservative (preferably Tea Party!) President who reduced the debt and deficit, like Ronald Reagan.

Correct.

Thanks to Obama and socialist RINOs, we'll be broke forever

Quote from: PatrickB on February 12, 2014, 07:00:07 PM
Thanks to Obama and socialist RINOs, we'll be broke forever

Oh, Jesus, yes!!!!!!! If there's one thing I hate more than Dumbocrats, it's fucking RINOs who cave on every issue and let Obama run roughshod over the economy!

Quote from: PatrickB on February 12, 2014, 07:00:07 PM
Thanks to Obama and socialist RINOs, we'll be broke forever

At 50 grand per person, or $25000,00  depending on how the Govt plays the numbers, we'll never get out of debt.

Quote from: Solar on February 12, 2014, 07:19:08 PM
At 50 grand per person, or $25000,00  depending on how the Govt plays the numbers, we'll never get out of debt.

January 8, 1835, best day in US history am I right?

Insanity: doing the same thing over and over again and expecting different results.- Albert Einstein

Quote from: Bismarck Revivalist on February 12, 2014, 07:21:25 PM
January 8, 1835, best day in US history am I right?

Technically correct, but in truth, the Nation has always ran a debt, just not in the trillions.
1973 was the year that started the great decay fiscally.

Quote from: Solar on February 12, 2014, 07:25:15 PM
Technically correct, but in truth, the Nation has always ran a debt, just not in the trillions.
1973 was the year that started the great decay fiscally.

Wait, why the but? I was saying we've always ran a debt except when Jackson paid it off - without the help of the Fed or an income tax.

And why was 1973 the year that started the end? Did Nixon cut taxes or raise spending or both?

Quote from: Bismarck Revivalist on February 12, 2014, 07:41:05 PM
Wait, why the but? I was saying we've always ran a debt except when Jackson paid it off - without the help of the Fed or an income tax.

And why was 1973 the year that started the end? Did Nixon cut taxes or raise spending or both?

Nixon took us off the Gold Standard.

Quote from: Solar on February 12, 2014, 07:51:55 PM
Nixon took us off the Gold Standard.

But didn't Cleveland put us on the gold standard?

EDIT: Wait, nope, my mistake, we basically had one forever except for the civil war.