US debt jumps 328 BILLION in one day- tops 17 TRILLION

Discussion in 'Too Hot for Swamp Gas' started by g8orbill, Oct 19, 2013.

  1. g8orbill

    g8orbill Gators VIP Member

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    http://www.washingtontimes.com/news/2013/oct/18/us-debt-jumps-400-billion-tops-17-trillion-first-t/

    From the article:

    But under the terms of this week’s deal, Congress set a deadline instead of a dollar cap. That means debt will rise by as much as the government spends between now and the Feb. 7 deadline.

    Judging by the rate of increase over the last five months, that could end up meaning Congress just granted Mr. Obama a debt increase of $700 billion or more.
    Republicans initially sought to attach strings to the debt increase, but surrendered this week, instead settling on a bill that reopened the government and included some special earmark projects, but didn’t include any spending cuts.
    Democrats insisted that the debt increase be “clean,” meaning without any strings attached. They say the debt increase only allows Mr. Obama to pay for the bills he and Congress already racked up, and that it doesn’t encourage new spending.
  2. oldgator

    oldgator Premium Member

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    yet another Gatorbill spin propaganda website

    shame on you for attempting to deceive fellow Gators with such a rag article

    The Washington Times is a daily broadsheet published in Washington, D.C. It was founded in 1982 by the founder of the Unification Church, Sun Myung Moon, and until 2010 was owned by News World Communications, an international media conglomerate associated with the church.

    Founded by MOONIES

    and stilll run by Moonies. Moonies by the way are considered ultra conservative in their leanies
  3. g8orbill

    g8orbill Gators VIP Member

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    I see it doesn't matter to you old if it is the truth as long as it comes from a conservative website huh

    the truth will set you free oldman

    when are you going to face the music abut what your boy is doing and what you libs want to do to this country
  4. gatordowneast

    gatordowneast Well-Known Member

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    Old, read the frickin article. Bill quoted directly from it. He put zero spin on it. I don't care if the Huffington Post printed it, tell us one thing that is not true. You are entitled to your opinion but please read at least the initial thread before spouting off your liberal bull shit. It gets old. Or we will nick name you Fred 2. Or RFA for "Ready, Fire, Aim".

    Geez, he posted what someone else wrote and you accuse him of spin. And it was factual. Can you read?
  5. g8orbill

    g8orbill Gators VIP Member

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    here is another conservative source for you old
    Government Reopens, Spends $328 Billion In A Single Day

    October 18, 2013 by Sam Rolley
    After lawmakers came to an agreement to disregard the Nation’s debt ceiling on Wednesday evening, the Federal government reopened and commenced business as usual: In a single day, the Nation’s burgeoning government machine racked up $328 billion in new debt.
    According to new figures posted to the Treasury Department website on Friday, the Nation’s debt now equals $17.075 trillion.
    Because of Treasury’s “extraordinary measures,” the Nation’s debt had stagnated at around $16.7 trillion for a period of nearly five months. But Wednesday’s debt ceiling disregard deal gave Treasury the power to instantly rebalance its books and rack up additional debts.
    Currently, there is no limit to how much debt the government can accumulate between now and Feb. 7 because Congress opted for a debt ceiling deadline, rather than requiring lawmakers to suffer the political consequences of having to vote for or against a solid figure for the amount of debt the government will take on in coming months. Based on the figures released Friday, that means the government could rack up more than $700 billion in new debt before the issue is revisited.
    The national debt was reported at $10.6 trillion on the day President Barack Obama took office.

    http://personalliberty.com/2013/10/18/government-reopens-spends-328-billion-in-a-single-day/
  6. oldgator

    oldgator Premium Member

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    numbers don't lie...interpretations of numbers often do

    especially when coming from ultra left as well as ultra right.
  7. LittleBlueLW

    LittleBlueLW Premium Member

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    Do you have an interpretation of what the numbers mean?
  8. surfn1080

    surfn1080 Well-Known Member

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    So are you saying the numbers are lies?
  9. BobK89

    BobK89 Well-Known Member

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    Remain calm. All is well.

    Sent from my iPhone using GatorCountry
  10. g8orbill

    g8orbill Gators VIP Member

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  11. DaveFla

    DaveFla Well-Known Member

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    Just goes to show that you simply CAN NOT trust a democrat.
  12. corpgator

    corpgator Well-Known Member

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    It's because they were using flexible accounting and borrowing from themselves to keep from hitting the debt ceiling. Once the ceiling was raised, they put all the money back.

    By the way, they are projecting that once Feb 7th hits, they might be able to make it to April with a ceiling raise and then when April tax receipts come in, they can make it late 2nd quarter.

    http://www.bloomberg.com/news/2013-...push-2014-debt-limit-deadline-past-feb-7.html
  13. dadx4

    dadx4 Well-Known Member

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    Put a fork in us. We are done as a country.
  14. gatordowneast

    gatordowneast Well-Known Member

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    Figures don't lie but liars can figure. Fact is, Obama has added $7 T to our national debt and will have added more than all 43 Presidents combined, before he is done.
    And he could care less.
  15. gatorpa

    gatorpa Well-Known Member

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    It's Bush's fault
  16. Gatorrick22

    Gatorrick22 Well-Known Member

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    Do you even read the articles before you post crap? :no:
  17. dadx4

    dadx4 Well-Known Member

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    Hussein will double it before he leaves office. More concerned about ideology than the good of this country and the citizens.
  18. Gatorrick22

    Gatorrick22 Well-Known Member

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    Shiite.... He's a straight-up communist that is trying to break the bank of China so he can then blame Capitalism on our demise and downfall.

    End the Fed!
  19. oldgator

    oldgator Premium Member

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    no

    just that what some say about the numbers are lies, half-truths, etc

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