Obama; Spending us into Oblivion. Why? – How do we pay off this Debt? – Glenn Beck Explains
We have currency and credit derivatives of over 644 trillion dollars? What are these? What does it mean? I have no idea. We have interest on our debt of over 604 billion dollars a year as of now, but it is expected to be at least 1 trillion dollars a year by 2018. Medicare fraud just this year alone is over 38 billion dollars. Our budget deficit this year to date is over 1.2 trillion dollars. Our total unfunded liability per person is $191,832, and that is for every man woman and child. I’m not sure if that includes illegal aliens or not, all I know is that I haven’t got it, and neither does our government.
The democrats and republicans have dug us into a hole that we will never escape from. If you get to ask your representative something at a town hall meeting, then ask them this. Ask them under what scenario do we pay this debt off? Ask them just how will this magically happen. Will they somehow obtain the political courage to do something that they have for all of these years not have the courage to do?
Have them explain to you just what their plan is. You might want to tell them that using IRS data from the year 2006, if they were to collect 100% of all the income from every individual earning over $500,000 a year, then that would only amount to 1.3 trillion dollars. There is not enough money out there to pay for all of this stuff unless they massively tax us regular folks to death.
Which I believe is their plan, to tax us all to death. Well maybe not to death, but until they control everything that we do. And if they do that, then in my opinion, you will be better of dead. Like they say, better dead than red.
So by now you are probably wondering how do we fix this problem. What is the solution? I would say that this spending problem will never be solved until the politicians fear being thrown out of office for bringing home the bacon. So what I am saying is that it is up to us. Next time your representative brags on his newsletter about how he got money for this local project, or for that local project, send them a letter saying that we are broke, that we have no money, that we are hocking our grandchildren up to their eye balls and that you are not going to put up with it any longer. Tell them that you are going to vote against them, and that the reason is that they are bringing home the bacon, the bacon that we don’t have, the bacon that we are borrowing from China.
Until this happens, until we the people change, there will be no change, and we will just keep sinking further and further into debt until the entire system fails. What this failure will look like, and how exactly it will affect us, I have no idea, but I believe that within our lifetime we will find out. Things are happening fast.
jbranstetter04
Duration : 0:5:24
Related Articles
- Bringing A Car Into Canada …
- Internet Marketing Opportunities: "Flipping Content For Profits" - How To Turn Old PLR Ebooks And Articles Into Instant Paypal Cash! (Master Resale Rights) AAA+++ …
- Everything Personal Finance in Your 20s and 30s: Erase your debt: personalize your budget: and plan now to secure your future (Everything Series) …
Obama is spending …
Obama is spending the country into failure and ruining the economy so he – and his small group of angry racist radicals – can remake America into a 3rd-world paradise with his glorious socialist programs, redistribution of wealth, and consolidation of power. Wow, that’s an original plan that works every time – I can’t wait!
Stupid lefties look the other way because they are Obama sheep and the sweet Fascist smell of BO makes them feel pretty darn good about themselves.
Democrats and …
Democrats and Republicans are ALL the SAME.
They ALL have the same bosses…
INTERNATIONAL BANKS!!!
Again…they are ALL THE SAME!!!!!
Employees of the INTERNATIONAL BANKS.
End of story.
MP76
BECK= HATE LIES …
BECK= HATE LIES DIVISION! ” Tell a lie loud enough, tell it long enough and the people will believe it” – Hitler… Now adopted by the GOP and FOX NEWS
You really just …
You really just cant get past Bush. You do know that every cent spent in Iraq and Afghanistan came through congress right? You do know that congress has had to authorize the budget (including the costs of the war) each and every year since 2001? Yet you still blather on about Bush this and Bush that. Are you interested in stopping our national debt from reaching unsustainable levels..or is it just about getting Bush? People like you allow this cycle to continue over and over. Sad.
President is the …
President is the face to whole his team in the white house, and he make the last decisions in the white house, so i feel fine to blame them. the cost of war in afghan/Iraq has soon reached 1 Trillion. Just that is Bush-spendings alone. At the same time he cuts taxes to the welthiest in US, Just look at Lehman Brother CEO, he had a salary, 360 mill a year. I don’t know if that is enought money for living in US but you can thanks Bush for that. The poor and middleclass wasnt a bother for him.
What I realize is …
What I realize is that exclusively blaming Presidents for spending is foolish. Congress holds the purse stings in our system of government and they have the fiscal responsibility of a drunken sailor. Right now the massive spending spree is all on the democrats since they control everything. But in any case, the answer to this is simple. In the 2010 election vote out all the incumbents, then demand term limits for the House and Senate from that point forward.
You have to realise …
You have to realise that the spending started with george bush sr, not the democrats. Look at the debt graphs, you clearly see that the rising starts in year 1985-86, but in 2000 it got decreased and by who? A democrat. But once Clinton went off and a monkey stept in it startet rising again and this time with a jumbo speed. It’s not hard to draw a picture out of that. Obama got a major problem after the republicans in charge, I hope he solves the clue. But in my opinion it’s already ‘d.
Yes and Obama said …
Yes and Obama said if we passed the stimulus bill that we would create 3 million new jobs. Maybe you still dont understand, but the DEMOCRATS in the house and senate have controlled SPENDING since 2006. Since 2008 our debt has gone from $455 billion to $1.6 TRILLION with not a one republican in control of the spending going back two full years before then. All you can do is make excuses for democrats (which means you must be one) so if thats all your going to do save it. Im not listening.
It IS Bushs fault, …
It IS Bushs fault, but mccain wouldn’t do a better job than Obama does now, that is my point. It started with George Bush sr, he was like a rich uncle without limits. Clinton got on he got decreased around 1/3 of the debts. But look another monkey got on, named George Bush jr, and went to war in afghan/Iraq, from that point there was no hope anymore. McCain said it pretty clear that he would shut down the nucler reactor in Iran if he won the election (That means war in another language)
How about if you …
How about if you stop with the excuse-mongering and just realize that Obama is to blame for this huge debt. There was a reason they had to pass the stimulus bill so fast they couldnt even read the ing thing. And that reason was that if they took enough time to let us see what they were doing we would have protested like . (Like we are NOW) This isnt about the republicans, they arent a factor. This is all about the democrats. They did the spending and nobody else is responsible for it.
First of all, given …
First of all, given that Israel hasnt attacked Iran even after Obama basically told them that they were on their own, you cant ume that McCain would have. Now if we all had known that Obama would spend like he has would he have won? The polls say no. Obama is the President for the next 3 years (or until someone shoots his ) so by pointing out the fact that he is bankrupting us MAYBE we can stop the spending before its too late. I love it..you cant blame Bush so now its McCains fault?? HA
There was only one …
There was only one option left beside obama to rule the US, and it was mccain. So if you want to compare stuff you should compare it equal, not the future with the past. The money is leaking because of the war with afghan/iraq, who do you think started it? And do you think if mccain ruled it and started on top of it war with iran would help the economy? I don’t think so. Obama is the best option you got.
So who is …
So who is responsible? The democrats have controlled the purse strings in our government since 2006. Remember back when Pelosi and Reid kept telling Bush there was “no blank check”? Well guess what pal..if they controlled the checks they controlled how money is spent. And now in less than one year of Obama’s spend-a-thon our debt went up 66%. You can try to make excuses, but the American people know who did the spending. Obama did. He ing owns it now baby.
Well first of all …
Well first of all the only one who mentioned McCain is you. I didnt really like him but he was a better choice than Obama. The US national debt DID NOT double ITSELF. Obama has been spending our ing money like we’re playing monopoly. From a debt of $455 billion under Bush to $1.6 TRILLION in less than one year. The blame for that rests squarely on the backs of the democrats in the Congress, Senate and WHITE HOUSE. They did it and now they OWN IT. Sorry you cant handle the truth.
Hahaha. …
Hahaha. Single-digit months into the Obama presidentship, and the republican truthiness machine is already trying to blame it upon Obama.
We’re truly f*cked. It’s good to see Fox News realizing this. And unexpected&sad that they are blaming the democrats for the failures of the market and the republican politics.
Bs, and you think …
Bs, and you think it’s wouldn’t happend with mccain? If mccain won the election, you would be in war with Iran and the US debt would triiple itselfs in the first 3 months. So please dont spread bs about obama.
Approximately …
Approximately one-third if you count the entire $455 billion debt that we had as of 2008. Now thanks to Obama it stands at $1.6 TRILLION this year. Since I know you probably cant count, thats a gain of about 66% or two-thirds. Then you look at the long-term debt and it ballons out to $9 TRILLION according to Obama (which means its probably higher). So whos the tool? Try looking in the mirror. A tool of the tax-and-spender. You should be proud hole.
we are fu**ed
we are fu**ed
Morons lol lol
…
Morons lol lol
Glen Beck is a ing tool
The debt that Bush …
The debt that Bush left has been quadrupled by Obama.
How much of that …
How much of that money is from the two wars Bush started ?
I saw this and blew …
I saw this and blew chunks…I just can’t believe how insane this is.
million billion …
million billion trillion quadrillion
just look at the numbers in front of you. guns gold and god anyone?
this is not …
this is not socialism we’re talking about here
Its called a …
Its called a socialist takeover.