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Home Front: Culture Wars
Obama to raise 10-year deficit to $9 trillion
2009-08-22
Don Surber calls it The Friday Afternoon Bombshell:
"Friday afternoon is when Washington dumps its bad news.

This week, the bad news is that President Obama plans to borrow $9 trillion over the next 10 years.

I guess he is about as familiar with the 22nd Amendment as he is the 2nd Amendment.

Money is power and Barack Obama wants all the power now, all the power of the past and all the power of the future.

I WON!

Reuters reported that the White House upped its estimate of how much this guy was going to cost Americans by 28%. Reuters reported: “The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.”

And Democrats complained about President BushÂ’s spending?

Hah!"
Posted by:Frank G on the road

#13  I'm surprised anyone is surprised. This is a step right out of the Communist play-book: cause hyper-inflation until all "old" wealth is destroyed, while taking control of every instrument of gaining new wealth. Once the "old" wealth is gone, the communists institute a "new" currency, which they control, preventing people from accumulating any significant wealth. They tried it in Germany during the Weimar Republic, but got Adolf Hitler, instead of a Communist. Following WWII, they used this strategy in the Eastern Bloc of nations, especially in Hungary, which had inflation to equal the German Weimar era.

BTW, that thing that "looks like somebody giving you the "finger"" is a stone statue of a fish eagle, the symbol of Zimbabwe.

Posted by: Old Patriot   2009-08-22 21:09  

#12  This administration is going to break the bank and the country.
Posted by: JohnQC   2009-08-22 16:48  

#11  And the symbol in the lower right-hand corner looks like somebody giving you the "finger" as if to say try to buy something with this bill.
Posted by: Don Vito de Chicago   2009-08-22 16:01  

#10  AP...Pretty good. Hey, where you been?
Posted by: anymouse   2009-08-22 15:34  

#9  I will have to admit, DMFD, that

$100,000,000,000,000 looks more impressive than

$1x10^14

Our national debt is heading toward Avogadro's Number. *sigh*
Posted by: Alaska Paul   2009-08-22 11:18  

#8  
Posted by: DMFD   2009-08-22 10:50  

#7  We are going to need to institute logarithmic money to handle this debt!
Posted by: Alaska Paul   2009-08-22 10:48  

#6  "We can't be out of money! I still have checks left!"
Posted by: CrazyFool   2009-08-22 09:37  

#5  p2k, we'll be lucky if the inflation rate is that low.
Posted by: Cornsilk Blondie   2009-08-22 08:41  

#4  Expect a mathematical progression on it to continue till the Fed bond market goes zero and, as the Fed simply prints more money instead, watch inflation return to that which was ignited in the Carter years.
Posted by: Procopius2k   2009-08-22 08:36  

#3  At the rate he's going ($250 billion each of the last two weeks) he'll be borrowing $9 trillion over the next 10 MONTHS!
Posted by: Glenmore   2009-08-22 08:11  

#2  And for what?
Posted by: newc   2009-08-22 07:18  

#1  Offer expires at midnight. Order yours today.
Posted by: ed   2009-08-22 01:02  

00:00