Tea Party saves tax payer 500 billion in new debt

[JRK]

Tea Party Grit Saved Nation Half-Trillion in New Debt
In the four years that Democrats had complete control of Congress, federal spending increased by an average 9% a year. If the Democrats had maintained control of Congress after the 2010 elections, this trend would put spending over $4.1 trillion today. All things being equal, the federal debt would be $700 Billion higher than it is today.
GWB base line had a defict of 162 billion in 2007
in 2009 with stimulus and the bail out of GM as well as the Omnibus adding close to 400 billion it was 1.4 trillion (loss revenue most of the rest)

 

[waltky]

Debt held by American public almost doubles under Obama...

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90%
October 2, 2013 -- The U.S. Treasury released its last Daily Treasury Statement for fiscal 2013 yesterday afternoon, revealing that during the presidency of Barack Obama the U.S. government debt held by the public has increased 90 percent.

At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the U.S. government debt held by the public was $6,307,311,000,000, according to the Daily Treasury Statement for that day. At the close of business on Sept. 30, 2013—the last day of fiscal 2013—the Daily Treasury Statement said the U.S. government debt held by the public was $11,976,279,000,000. The $11,976,279,000,000 in U.S. government debt held by the public on Sept. 30, 2013 was $5,668,968,000,000 more than the $6,307,311,000,000 in debt held by the public on Obama’s first inauguration day. That is an increase of 89.879 percent—or approximately 90 percent.

The U.S. Treasury divides the U.S. government's debt into two general categories: debt held by the public and intragovernmental debt. Debt held by the public consists primarily of U.S. Treasury securities—including bills, notes and bonds—that the Treasury sells on the open market to everybody from individual families and investors to government entities in the People’s Republic of China. Intragovernmental debt is money the Treasury has borrowed from the Social Security Trust Fund and other government sources to pay for current government expenses. Under Obama, intragovernmental debt has increased only about 10 percent, starting at $4,319,566,000,000 on Jan. 20, 2009 and increasing to $4,761,904,000,000 by the close of business on Sept. 30, 2013.

During Obama’s presidency, intragovernmental debt has declined as a percentage of the overall debt and debt held by the public has increased as a percentage of the overall debt. This happened as surpluses in Social Security taxes (over Social Security benefits paid) have dwindled and the Treasury has been forced to borrow proportionately more money from the public rather than from Social Security to pay the government's current expenses. On Jan. 20, 2009, when Obama was inaugurated, 40.6 percent of the federal government's total debt was intragovernmental debt and 59.4 percent was debt held by the public. On Sept. 30, 2013, 28.4 percent of the debt was intragovernmental and 71.6 percent was debt held by the public.

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90% | CNS News

 

[JRK]

Debt held by American public almost doubles under Obama...

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90%
October 2, 2013 -- The U.S. Treasury released its last Daily Treasury Statement for fiscal 2013 yesterday afternoon, revealing that during the presidency of Barack Obama the U.S. government debt held by the public has increased 90 percent.

At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the U.S. government debt held by the public was $6,307,311,000,000, according to the Daily Treasury Statement for that day. At the close of business on Sept. 30, 2013—the last day of fiscal 2013—the Daily Treasury Statement said the U.S. government debt held by the public was $11,976,279,000,000. The $11,976,279,000,000 in U.S. government debt held by the public on Sept. 30, 2013 was $5,668,968,000,000 more than the $6,307,311,000,000 in debt held by the public on Obama’s first inauguration day. That is an increase of 89.879 percent—or approximately 90 percent.

The U.S. Treasury divides the U.S. government's debt into two general categories: debt held by the public and intragovernmental debt. Debt held by the public consists primarily of U.S. Treasury securities—including bills, notes and bonds—that the Treasury sells on the open market to everybody from individual families and investors to government entities in the People’s Republic of China. Intragovernmental debt is money the Treasury has borrowed from the Social Security Trust Fund and other government sources to pay for current government expenses. Under Obama, intragovernmental debt has increased only about 10 percent, starting at $4,319,566,000,000 on Jan. 20, 2009 and increasing to $4,761,904,000,000 by the close of business on Sept. 30, 2013.

During Obama’s presidency, intragovernmental debt has declined as a percentage of the overall debt and debt held by the public has increased as a percentage of the overall debt. This happened as surpluses in Social Security taxes (over Social Security benefits paid) have dwindled and the Treasury has been forced to borrow proportionately more money from the public rather than from Social Security to pay the government's current expenses. On Jan. 20, 2009, when Obama was inaugurated, 40.6 percent of the federal government's total debt was intragovernmental debt and 59.4 percent was debt held by the public. On Sept. 30, 2013, 28.4 percent of the debt was intragovernmental and 71.6 percent was debt held by the public.

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90% | CNS News

just seen that

 

[Vox]

and that is the reason Tea Party is so hated from the left and from so-called "moderate GOP" - the big government spending machines

 

[Old Rocks]

You think the Teabaggers are held in disdain by most of the American public at present, see how we feel about this bunch of loonies a month from now when there are no checks for millions of Americans because of the Teabaggers idiocy.

 

[PredFan]

Hey horse's ass, the last time the government shut down, the GOP kicked ass next elections.


Sent from my iPhone using Tapatalk - now Free

 

[JRK]

You think the Teabaggers are held in disdain by most of the American public at present, see how we feel about this bunch of loonies a month from now when there are no checks for millions of Americans because of the Teabaggers idiocy.

The GOP has passed numerous bills in the last 3 days to re open much of govt
you got the wrong bunch bud
and exactly what checks are going to be missing?
the federal workers on furlough are getting UE
it may not be as much as there use too, but I am sure it is more than the millions that have run out and have no hope left because of the failed policies of BHO are getting

House GOP to try piecemeal funding; Obama threatens veto - The Hill - covering Congress, Politics, Political Campaigns and Capitol Hill | TheHill.com