"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, October 4, 2016

GOP jacks up debt by $1.4 Trillion

Debt - It's the GOP, not Obama

  • Don't blame Obama. The GOP has controlled Congress for 17 out of the last 21 years. If spending and debt are out of control just ask your Left-Wing Big Spending GOP Congressman why.

(CNS News) - In fiscal 2016, which ended on Friday, the federal debt increased $1,422,827,047,452.46, according to data released today by the U.S. Treasury.

At the close of business on Sept. 30, 2015, the last day of fiscal 2015, the federal debt was $18,150,617,666,484.33, according to the Treasury. By the close of business on Sept. 30, 2016, the last day of fiscal 2016, it had climbed to $19,573,444,713,936.79.

According to the Census Bureau’s latest estimate, there were 118,215,000 households in the United States as of June. That means that the one-year increase in the federal debt of $1,422,827,047,452.46 in fiscal 2016 equaled about $12,036 per household.

The total federal debt of $19,573,444,713,936.79 now equals about $165,575 per household.

Read More . . . .

Funding The Debt With Paper
And the GOP money printing machine goes on and on.

No inflation say the political hacks
The endless money printing by the GOP Congress to cover the national debt has injected literally trillions of dollars into the economy resulting in inflation.

Los Angeles Almanac

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