Tag Archives: deficit

No wonder Burnanke wants to leave

The Treasury Department doesn’t include obligations for Medicare, Social Security, Medicaid, and federal and state pensions when they are calculating the federal debt.  Which is good, because THAT number is already at $86.8 trillion and expected to rise to $220 … Continue reading

Posted in bailout, constitutional, economy, election, Obama, socialism | Tagged , , , , , , , , , , | Leave a comment

Not the end, but you can see it from my house

Currently, we are taking in about $2 trillion a year in tax dollars.  We have a net federal debt of about $16 trillion. And we are spending $1.3 trillion dollars more a year than are being collected, which has to … Continue reading

Posted in constitutional, economy, election, Obama, socialism, welfare | Tagged , , , , , | 1 Comment

Viva la difference

What’s the difference between Congress and a drunken sailer? 1. About 10 trillion dollars 2. The sailer stops spending when he runs out 3. The sailer is spending his own money

Posted in economy, election | Tagged , , , | 1 Comment