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Obama’s Spending Plans Will Nearly Double the National Debt
- Text size
Terence P. Jeffrey
CNSNews
August 24, 2009
CNSNews
August 24, 2009
- A d v e r t i s e m e n t
Until now, the White House had been estimating that the national debt would increase by $7.108 trillion between 2010 and 2019. On Friday evening, Reuters reported that an unnamed senior administration official was saying that a report due from the Office of Management and Budget on Tuesday would indicate that the debt would actually increase by $9 trillion during that period, almost $2 trillion more than the administration had previously estimated.
Since the beginning of the republic in the late 18th century, the U.S. government has accumulated a total of $11.67 trillion in debt. In the next decade, under the budget plans the Obama administration
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August 24th, 2009 at 10:56 am
Barack Bush is a fraud, a puppet who has his strings pulled by the same people that pulled Bush’s
justme Reply:
August 24th, 2009 at 1:27 pm
yep… just follow the money…
jc Reply:
August 24th, 2009 at 7:12 pm
I hate it we have to sit back and see this ass hole O boma run this country in the ground trample our rights , lie to us ,allow crooks that run corrupt corp. steal our money cheat us and plan on taking more of our hard earned money and give it to evil , plan to attack us with our military , I had enough but I would never do anything that is playing in the hands of these criminals , I have a higher power then they are and in time they will all come to fair judgment , he will be riding a white horse and coming like a lion after all those fools . I can not say who they are every man has a chance on this side of the grave to make it right before God , But what I see out of O boma and his partners in crime they look to be in serious trouble
john Reply:
August 25th, 2009 at 5:15 am
Jane Burgermeister’s new site
http://www.theflucase.com
FreddyFigaro Reply:
August 24th, 2009 at 11:19 pm
Its PERESTROIKA !!!!!!!!!!!!!!!!!!!
King Kong Reply:
August 25th, 2009 at 12:39 am
Perestroika was part of the plan towards the NWO…
FreedomOfSpeech Reply:
August 25th, 2009 at 12:49 am
It doesn’t matter because Operation Mockingbird is already infecting the way we think
http://www.flickr.com/photos/4.....otostream/
That’s right, not even YOU are immune
FLANK EM Reply:
August 25th, 2009 at 9:04 am
The O-HOLE traitor only wants to bankrupt the country to the point were we have no currency thats worth anything why do you think the gold is being bought up everywhere..silver and gold …and lead.. thats it …If they i.e. the elite..have there way the Omero will be the new flavor ..then they can start the whole lending money making scam from scratch again…..Paper is paper not worth much with nothing to back it..gold , silver , and lead is were its at and not necessarily in that order..
August 24th, 2009 at 11:03 am
$9 trillion?
Oh it will be much worse than that.
Dogfood Reply:
August 24th, 2009 at 12:08 pm
######### WATCH: MONEY, BANKING AND THE FEDERAL RESERVE ###########
######### WATCH: MONEY, BANKING AND THE FEDERAL RESERVE ###########
http://video.google.com/videop.....0567002553
######### WATCH: MONEY, BANKING AND THE FEDERAL RESERVE ###########
######### WATCH: MONEY, BANKING AND THE FEDERAL RESERVE ###########
Spread the word.
melioped Reply:
August 24th, 2009 at 11:32 pm
Audit the Federal Reserve: HR 1207 and S 604
and then End the Fed: HR 2755
Is exactly what America needs ASAP
Thank to our Doctor and his hard work in Congress we can make it possible the first time in American history to Audit and then End the FED. Dr. Paul is my President not Obama.
steve Reply:
August 24th, 2009 at 12:39 pm
Just a week or two ago they were saying it was 23.7 trillion. Maybe they’re getting ready to do another bailout so they’re actually lowering the numbers.
fundthemovement Reply:
August 24th, 2009 at 1:15 pm
!!!!!!!!!!!!!!!!!HEY EVERYONE YOU CAN MAKE MONEY OFF PAPER MONEY EXISTING!!
MIMIC THE PRIVATE BANKS, USE THE ENEMY, http://www.youtube.com/watch?v=BTuQUvrMlZw
LISTEN TO ALEX JONES AND JOHN PERKINS, THIS IS MUTANT CAPITALISM
PROFIT OFF THIS INJUSTICE
Olive Farmer Reply:
August 24th, 2009 at 1:49 pm
There will be no “next decade” as you know it……….
In case you’re so asleep to realise what in fact is going on…
http://olivefarmercrete.blogspot.com
Welcome
Fear nothing
Humanity’s time is coming
WhiteOpsPatriot Reply:
August 24th, 2009 at 7:16 pm
yup
August 24th, 2009 at 11:04 am
You all better redoe your numbers. 2 TRILLION a year deficiet times 10 years, not even including the expodentially increasing interest on the debt, will EASILY top 20 TRILLION. This ain’t rocket science! Does anyone REALLY beleive that the economy is going to drastically improve, therebyb reducing deficiet spending?
exponential deficit Reply:
August 24th, 2009 at 11:55 am
Thanks for putting us in our place.
Hangman1 Reply:
August 24th, 2009 at 1:36 pm
No, especially since we are talking about a system of fractional banking. Every dollar exponentially costs more dollars in fraudulent money printing because of the ever-increasing size of fractional lending.
It was supposed to be a one in nine ratio when the Bretton Woods Agreement was made. Now it is something like fourteen to one, or more.
August 24th, 2009 at 11:13 am
Check out the final cut of the latest viral video entitled “Obama’s New World Order”. Help this go mega viral!
http://www.the3report.com/inde.....final_cut/
August 24th, 2009 at 11:20 am
Stop contributing to your 401K
Pull out as much money from your 401K as possible
Pull your money from the stock market
Pull your money from National banks (Chase, Citi, Nations Bank)
Get rid of credit cards from National Banks
Put your money in regional banks and credit unions
Get your loans and credit thru regional banks and credit unions
Shop at local stores and indepently owned stores. Support your local economy.
Stop shopping at Wal-Mart
We as a collective people have a lot of power. We need to band together as one.
Ben Reply:
August 24th, 2009 at 11:52 am
One of the first valid comments I have seen in months. Here is some concrete things you could do, if you actually wanted to go against the establishment.
This the kind of thing Alex woul be suggeting if he wanted real change. But what does he say? “Pass out my DVD’s…”
Alex has good intentions, but I think he is wasting a chance to reach millions – not only with information, but also with some solutions (that are not self serving).
hey Reply:
August 24th, 2009 at 12:13 pm
check this video out double money of paper money existing
http://www.youtube.com/watch?v=BTuQUvrMlZw
use the enemy and finance the movement
Hangman1 Reply:
August 24th, 2009 at 1:39 pm
Not only that. Stop trying to save money for later. Once the dollar goes down, all those pieces of paper will be useless.
Pay your property taxes off, so they can’t use it against you. If the dollar is worth fourteen times less next year, they can’t do anything about the face value at the time you paid your debt early. Then, they can’t come and take it from you because of hyper-inflation. By the time you actually owe them again, they won’t matter.
Use your money to buy everything you can for your next couple of years’ survival. If nothing happens- ha!, then you can eat it instead of spending more money at the store. If something happens and you didn’t do it, you won’t be able to then.
KSK81 Reply:
August 24th, 2009 at 6:32 pm
Walmart sucks anyways. They don’t know handle chicken in a bag. All bloody and stuff.
August 24th, 2009 at 11:21 am
And of course:
We sick an tired of-a your ism-skism game -
Dyin n goin to heaven in-a jesus name, lord.
We know when we understand:
Almighty God is a living man.
You can fool some people sometimes,
But you cant fool all the people all the time.
So now we see the light (what you gonna do? ),
We gonna stand up for our rights!
So you better:
Get up, stand up!
Stand up for your rights!
Get up, stand up!
Dont give up the fight! (dont give it up, dont give it up!)
Get up, stand up!
Stand up for your rights!
Get up, stand up!
Dont give up the fight!
Get up, stand up!
Stand up for your rights!
Get up, stand up!
August 24th, 2009 at 11:26 am
9-10-01 pentagon cannot account for 2.1 TRILLION dollars! Timmy Geitner testifies to congress he cannot account for 500 BILLION dollars in bailout money just given away to FOREIGN BANKS!
Our government is totally out of control! They are only interested in the banksters greed & fed reserve theft of our money. The International Banks are literally stealing our tax dollars by the hundreds of billions! Those banksters are the same scum who own main stream press. That is why you won’t see Geitner’s statements publicized. Steal $1,000.00 from a bank & you go to Jail.
Banks steal $500,000,000,000.00 from the American people thru electronic deposits & “MUM” is the word. Go figure? Geitner was specifically asked which International Banks received the 500 Billion dollars…He answered…”I don’t know”! It’s corporate International theft with the backing of our Government. We, the people of U.S.A. now gotta pay this back! It’ amazing that with a country that is literally broke, these banksters have robbed all us in plain daylight! All of us!!!!
August 24th, 2009 at 12:14 pm
http://911essentials.com says until we arrest the criminal, traitorous bankers and politicians this will continue with no end in sight.
911essentials is a primer portal introduction to the New World Order Corporate Banking Police State, its plans for one world government and their worship of the fake science Eugenics.
August 24th, 2009 at 12:16 pm
There definitly is no more vaseline on the program !!!
justme Reply:
August 24th, 2009 at 1:29 pm
with this reaming, we could all use some vaseline…
August 24th, 2009 at 12:17 pm
How credible is CNS News? I’ve only ever seen it linked to on Infowars and DavidIcke.com, so I’d have a hard time believing this, especially since it’s based on a leaked report that may or may not be real.
August 24th, 2009 at 12:31 pm
Swine Flu Hoax
+
Vaccinations (lethal injections)
+
Martial Law (lethal chemical / biological weapons)
+
Codex Alimentarius (becomes “LAW” for survivors, on 31st December this year)
=
The end of life as we’ve known it…
August 24th, 2009 at 12:39 pm
i think that the sheeple that voted for obama should all be put in these fema camps.because the majority of america were decieved why should me and my family suffer for the sheeples mistakes.
justme Reply:
August 24th, 2009 at 1:26 pm
the deceived must be awakened… the deceivers must be condemned.
August 24th, 2009 at 12:46 pm
Barack Hillary Obushma is a warmonger!
August 24th, 2009 at 12:49 pm
Joey7- even if obama wasnt president there would have been a different puppet in the white house.
August 24th, 2009 at 1:42 pm
Change….. You mean change the way we live and starve to death. Change that should of never happenned. Like someone said One_Big_Ass_Mistake_America and Big Ass Mistake that is up to the people to correct.
August 24th, 2009 at 2:09 pm
If you want a great flyer to wake folks up use this link. Download it and start cracking minds!
http://i854.photobucket.com/al.....Bush10.jpg
August 24th, 2009 at 2:20 pm
Is this true?
February 26, 2009
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
Beijing, China — The United States of America has tendered to China a written agreement which grants to the People’s Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China’s continued purchase of US Treasury Notes and existing US Currency reserves!
On February 11, Bloomberg Business News reported that China was seeking “guarantees” for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China.
This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take — inside the USA — land, buildings, factories, perhaps even entire cities – to satisfy the financial obligations of the US government.
Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to “take” all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.
This is an unimaginable betrayal of every man, woman and child in the USA. An outrage worthy of violent overthrow.
Eminent Domain is the power of government to TAKE private property for public use without the consent of the property owner. Under our Constitution, the government can only “take” when providing “just compensation” for what they’ve taken.
Who decides what constitutes “just compensation?” The government!
in past “takings” homeowners who felt the government was not paying them enough for property have filed lawsuits. In absolutely every such case, the value placed upon the property by the government was upheld by the courts.
Our federal government has now granted to China, this power to “take” our homes and businesses in the event the US Gov’t defaults on its debts.
Let’s play this out as a worst case scenario. . . . . .
The US Gov’t goes belly-up and China comes in and says, “they owed us $700 Billion in Treasury Notes and another $2 Trillion in actual cash money which is now worthless. We are taking the entire state of Hawaii and the entire state of California in lieu of this bad debt. ”
With the stroke of a Chinese chop stick, Hawaii and California — all the land and buildings in those states — are now owned by China.
The “taking” would be a “valid public use” because it was “taken” in payment of the public debt!!!!
China could then turn around and declare the value of all that land to be worth. . . . . I dunno, ten cents on a dollar?
If you own a $200,000 house in either state, you get a Chinese check for $20,000.
Needless to say, the property owners would go ballistic and demand “just compensation” for what was taken. Who gets to decide what is “just?” China!
Don’t think you got a fair price for what they took? No problem, sue China. You’ll lose.
People who live in those states and own their land outright, might be able to negotiate with China to “rent” back what used to be their own property, as long as they continue to pay all their taxes (to China) ; but the land and buildings would belong to China!
This is what our own Government has just done to us and it is the single most vile act of betrayal in the history of human existence.
State Governments Knew This Was Coming
In early February nine U.S. States began the process of re-asserting their Sovereignty pursuant to the Ninth and Tenth Amendments to the US Constitution; declaring null and void any actions by Congress that violated the Constitution.
At the time, I wrote about those state efforts (Here) and wondered why so many states were taking-up such an arcane issue in such a seemingly urgent fashion. I guess now, we know why.
The states were obviously privy to what the feds were planning to do with granting Eminent Domain to China. The states took action to make certain the feds couldn’t give away cities or the states themselves!
This situation is going to get VERY ugly, VERY fast as one sovereign power (the feds) tries to literally give away the land of other sovereign powers, (the states). This is the type of thing that starts Civil War.
Our present federal government makes the treachery and betrayal of Benedict Arnold look like child’s play.
Bob the rumor guy Reply:
August 24th, 2009 at 4:34 pm
post the Bloomberg link…this supposedly is an internet rumor and something Hal Turner said
August 24th, 2009 at 2:26 pm
so when are we gonna default on our debt?????????? How much longer til the foreigners say , you know what.. I want my money NOW!!!!!!!
August 24th, 2009 at 5:32 pm
have you guys noticed all the pics of obama, his wife, and his kids on tv and in newspapers? the reason they do that is to make themselves look good. that is a common practice amongst thieves to portray themselves as good, family people.
watch the movie ‘american gangster’ with denzel washington
Highlanderess Reply:
August 25th, 2009 at 5:37 am
Good movie. The asshole thought he was so non-touchable he shoots a man on the street…right in front of family and others.
August 24th, 2009 at 6:17 pm
Well, that certainly sounds like the change and sound fiscal policy so many voted for. Was it not true that a number of Obama’s campaign speeches were all about the unsustainable deficit that Bush had left him? How much more unsustainable is doubling it in half the time?
And why do we continue to allow him to use our lives and labor and homes as collateral?
Jive Mothafacko Reply:
August 25th, 2009 at 8:23 am
Half the time? Try one tenth of the time. Bush was in for eight years…Sortero has only been in 8 months.
WAGON! WAGON!
DEAD BODIES DRAGGIN’!
MCL
Aussie Reply:
August 25th, 2009 at 10:06 am
Long time no post Jive’n Motha’
I do hope all is good!!!
.
Time to circle them there Wagon’s
August 24th, 2009 at 7:25 pm
Must see GREATNESS!! Funny!
http://la-gun.com/manning/obama3/
August 24th, 2009 at 7:35 pm
What’s black and smells like Barry Soetoro’s asshole???? Barack Obama.
August 24th, 2009 at 7:40 pm
This has got to be bad intel! (sarcasm)
All the financial tv pundits say the econmy is rebounding and everything is coming up roses.
That is exactly why I cashed out yesterday. No more stock, no more IRA,Bank account on marginal funds puposely.This morning I thought it may have been a bit premature on the stock looking at this mornings futures market but at the end of the day when they bagged more suckers. It finished about flat. My prediction is it will get worse again soon.
You can hold me to that.I will not run and hide. money cannot be printed here so
im not allowed to default or be bailed out.
You were told this to protect the national security. Has anybody checked to see if Mr Bernanke
is strapped in the helicopter? we would not want him to fall out circling the sky everyday throwing money out to the CorpoGovernment. He`s got to be getting refueled in flight.
August 25th, 2009 at 12:11 am
watch my video on how to upload the obama joker photo on myspace, please rate if you like! http://www.youtube.com/watch?v=yxVChYXuxzI
Aussie Reply:
August 25th, 2009 at 3:50 am
myspace, facebook, and a myriad of other similar sites are a godsend for the Globalist “FILTH”
A more time wasting, brain deadening excersise to dumb down the masses, would be hard to find!
These sites take one far from reality…their outright dangerous!
August 25th, 2009 at 7:28 am
http://larouchepac.com/lpactv?nid=11543
August 25th, 2009 at 10:22 am
Barack…..IRAQ
Hussein…..Hussein (Saddam)
Obama…..Osama
.
People are getting taken for a ride…”the three most pertinent names since 911″
August 25th, 2009 at 1:56 pm
$9 trillion over the next 10 years? More like $9 Trillion of debt for every citizen.
August 26th, 2009 at 1:21 pm
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