#1 The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months by Frank Cannon 17.09.2014 00:24

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http://www.zerohedge.com/news/2014-09-16...-last-12-months

How much of this debt is fueled just on interest payments anymore? This is a run a way freight train and nobody has any interest in stopping it....

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The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny. On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32. As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.

#2 RE: The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months by algernonpj 17.09.2014 13:29

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Quote: Frank Cannon wrote in post #1
http://www.zerohedge.com/news/2014-09-16/us-national-debt-has-grown-more-trillion-dollars-last-12-months

How much of this debt is fueled just on interest payments anymore? This is a run a way freight train and nobody has any interest in stopping it....

Zitat
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S. Treasury, the federal government has officially run a deficit of 589 billion dollars for the first 11 months of fiscal year 2014. But this number is just for public consumption and it relies on accounting tricks which massively understate how much debt is actually being accumulated. If you want to know what the real budget deficit is, all you have to do is go to a U.S. Treasury website which calculates the U.S. national debt to the penny. On September 30th, 2013 the U.S. national debt was sitting at $16,738,183,526,697.32. As I write this, the U.S. national debt is sitting at $17,742,108,970,073.37. That means that the U.S. national debt has actually grown by more than a trillion dollars in less than 12 months. We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.



Among other things, too many in high places are benefiting from it.

Here's how part of the national debt is racked up:
Food stamps for fascists

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