This link has been bookmarked by 46 people . It was first bookmarked on 04 May 2008, by Jason Welker.
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22 Apr 13
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03 Feb 13
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27 Sep 12
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We Are in Danger! ... but Not from the Debt
The danger is from the Great Recession that has cost America 10 million jobs. The debt frenzy is making that worse. Take a look (in the graph) at how the debt sky-rocketed during World War II. That's how we ended 12 years of Great Depression. This time is tougher because Reagan and the Bushes ran the debt much higher in good times than it was at the start of WW II. But as Reagan understood, cutting government spending in a recession only makes it worse. Yes, we must pay down the debt, as Clinton was doing, but not while 17 million are out of work
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Debt or Savings In the last
165 secs.Borrowed by the General Fund – $ 16,049,244,795,514* $ 5,986,915 Saved by Social Security Trust + $ 2,558,467,521,469 $ 525 Saved by all Gov. Trust Funds + $ 4,048,160,295,290 $ -1,859,094 Debt Owed to the Public $ 12,001,084,500,223† $ 7,846,010
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21 Sep 12
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e Are in Danger! ... but Not from the Debt
The danger is from the Great Reces
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's how we
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02 May 12
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- Social Security is $2.6 trillion in the black. In 2010 it ran a $68 billion surplus.
- Clinton reduced the debt as a percent of GDP.
- G. W. Bush restarted the deficits with tax cuts for the rich.
- Red ink hit a peak rate of $1 trillion in 100 days just before Obama.
- The Obama stimulous was only $0.08 trillion.
- Only $1.2 trillion is owed to China.[1]
- $10 trillion is owed to America.
Some Debt Facts:
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23 Apr 12
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07 Jun 11
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otes on the Debt/Saving Clocks: $4.5 trillion of the debt is owed to trust funds like the Social Security trust fund. Employees and Employers have have contributed $2.5 trillion and loaned it to the federal government's general fund, because our income taxes cannot cover the cost of general government services -- mostly the military.Right now Social Security has $2.5 trillion in the "bank" — the most it's ever had. It has been adjusted to keep in balance many times. The last time in 1983, it was almost completely out of money. There's no reason it cannot be adjusted again, but it would be better not to let it run so low this time.Most of the debt held by the public is owed to Americans, getting near half is owed to other countries. By far the largest part of the debt is due to Reagan and the Bushes (based on the treasury and pro-Reagan data).
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Rafael Rwhy theres national debt and where the money comes from
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16 Nov 10
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09 Nov 10
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25 Jun 10
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28 May 09
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Limbaugh is hoping for Obama's economics to fail and for the United States to sink into another Great Depression.
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Most Republicans would rather not see their country crushed by a depression just to prove an ideological point, even if it was correct
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01 Jan 09
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unemployme
nt increases to over 20% and the federal reserve tries to stave off a depression by 'fixing' the money supply by sending the overnight funds rate to ZERO. -
creases to over 20% a
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17 Jun 08
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National Debt Clocks and Savings Clocks
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24 Mar 08
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03 Dec 07
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17 Jun 07
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04 Jun 07
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09 Apr 07
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