Monday, June 13, 2011

The Federal Government’s National Debt Continues to Soar!

Bonus: watch this video!


Bonus: And watch this video. And, of course, it is a choice—JESUS, the SON of GOD, said sinful, sexual immorality, which would include homosexual behavior, comes from the heart! (Matthew 15: 19 [NIV]) And, of course, it is a sin! The Bible condemns homosexual behavior—calling it detestable (Leviticus 18: 22 [NIV]), an indecent act and a perversion. (Romans 1: 27 [NIV]) The Bible does not have one neutral or positive statement about homosexual behavior in either the Old or New Testament. And that is the truth and all the liars in the country including our current President can not change that fact.


The following is a news story from this past week. The federal government is a spendoholic!!!


“Deficit nears $1 trillion
by Associated Press

WASHINGTON—The federal budget deficit is on pace to break (That statement is sometimes known as an understatement! There are four more months left in the budget year! Fully 1/3 of the calendar Year!!!—my addition) the $1 trillion mark for a third straight year. (Actually, fourth straight year according to the figures given from! Fiscal years 2007-2008, 2008-2009, 2009-2010, and now 2010-2011. These years all have one thing in common! The Democrats controlled both Houses of Congress at the start of the fiscal year!!! Congress passes the fiscal year budget!!!—my addition.) Record deficits are putting pressure on Congress and the Obama administration to come up with a plan to rein in government spending.

Already, the deficit through the first eight months of this budget year is $927.4 billion, according to the latest report from the Treasury Department released Friday.

Three years ago that would have ranked as the highest ever for a full year. (Now it is just 2/3rds of the way through the fiscal year!—my addition.)

Instead, this year’s deficit will likely exceed last year’s $1.29 trillion imbalance and nearly match the $1.41 trillion record reached in 2009. The budget year ends on Sept. 30.

For May, the monthly deficit was $57.6 billion. That compared to $135.9 billion deficit for the same month last year.

But much of that improvement came from a $45 billion write down in the estimated cost of the financial bailout program. (Which was the result of pressure applied by the Republicans in the House of Representatives NOT to spend the allocated money! Did the reporter(s) conveniently forget this small fact?—my addition)

The latest Treasury report does show that more people are working and paying taxes this budget year, a positive sign. Government revenues have totaled $1.48 trillion for the eight months ended in May, a 10.3 percent increase over the same stretch in the previous budget year. (And has government spending slowed down?—my addition)

Still, government outlays totaled $2.41 trillion through May. And one of the fastest growing parts of the budget is the interest on the national debt. That rose 13.6 percent to total $165.3 billion. (Is this a surprise? If interest rates weren’t so artificially low, the interest on the debt would be significantly higher! However, such a low interest rate is “legalized” government stealing from those who save based upon interest rates—many of whom are retirees. The government is “legally” stealing from them. Five years ago or so, one to two year CD’s (Certificates of Deposit) were paying around five percent. Today, a one year CD is paying less than one percent!—my addition)

The government is at risk of defaulting on those debt payments. That would likely happen if Congress fails to raise the nation’s $14.3 trillion borrowing limit by early August. A default on the debt would rattle markets and send interest rates soaring, making mortgages and other consumer loans more expensive. (Scare tactics! Not raising the debt ceiling will NOT necessarily lead to a default. The government still has money coming in. They can simply stop spending and wasting money on nonessential expenses. Expenses such as the Department of Education. Education is not even mentioned in the Constitution of the United States. Expenses such as the wasted spending cover by—my/ addition.)

The increase in the debt limit is being held up by Republicans, who want President Barack Obama and Democrats first to agree to deep spending cuts equal in size.” (As should and, dare I say, MUST happen!—my addition)


National debt by fiscal year end:
(Note: I rounded the cents)

President Bush took office in January of 2001
09/30/2000 = 05,674,178,209,887. (Democrats gain control of Senate in 2000 election)

By the way, 9/30/2000 is during the last year of President Clinton’s Presidency. I recently heard a Democrat actually claim that Bill Clinton ended the national debt. TOTAL NONSENSE!!!

09/30/2001 = 05,807,463,412,200. (split Congress)
09/30/2002 = 06,228,235,965,597. (split Congress)
09/30/2003 = 06,783,231,062,744. (Republican Congress)
09/30/2004 = 07,379,052,696,330. (Republican Congress)
09/30/2005 = 07,932,709,661,724. (Republican Congress)
09/30/2006 = 08,506,973,899,215. (Republican Congress)

From the end of the fiscal year of 2000 to the end of fiscal year 2006 before the Democrats took control of Congress in January of 2007, the federal debt increased by 2,832,795,689,329 dollars in six years (That’s almost three trillion dollars in 6 years!)

09/30/2007 = 09,007,653,372,262. (Democratic Congress beginning January 2007)
09/30/2008 = 10,024,724,896,912. (Democratic Congress)
09/30/2009 = 11,909,829,003,512. (Democratic Congress)
09/30/2010 = 13,561,623,030,892. (Democratic Congress)

From the end of the fiscal year of 2006 to the end of fiscal year 2010 after the Democrats took control of Congress in January of 2007 and before the Republicans regained control of the House of Representatives beginning in January of 2011, the federal debt increased by 5,054,649,131,677 dollars in four years (That’s over five trillion dollars in 4 years! Or, 1,263,662,282,919 dollars [$1.2 trillion+] per year over 4 years!)

Also, if you’ll do the math, the difference between 2008 and 2009 fiscal years is 1,885,104,106,600 dollars. That is over 400 billion dollars more that the story claims is the highest deficit (“nearly match the $1.41 trillion record reached in 2009”). I don’t know why the discrepancy but I would guess the story is using preliminary, unrecalculated numbers. (The yearly deficit reported is from the Treasury’s website and I copied and pasted the numbers so the numbers are correct as given from that site.)

The federal government DOES NOT have a revenue problem! The federal government has a SPENDING problem! The federal government is spending 40% more than it is taking in in revenue!!!

And we still don’t have a passed budget for 2011-2012 because the Democrats in the Senate have blocked passage of the proposed budget from the House of Representatives and have not passed an alternative budget! Why Not? Because the Democrats want to continue spending money!!!

It’s time, it is past time to TAKE BACK THE NATION!!! It’s time, it is past time to TAKE BACK THE NATION!!! It’s time, it is past time to TAKE BACK THE NATION!!!