Will Obama leave a legacy of debt to America's children?

Nice clip,. 0bama is destroying America's children's future with his insanity!

Anyone who disagrees, please peruse the attached link. I call your attention to the very bottom of the page, the numbers for unfunded liabilities. That figure represents the money promised to us by the Federal Government, Social Security, Medicare and Prescriptions for Seniors but there isn't any actually money to fund it. Only IOU's. You see, all the money we put into it through payroll taxes for our entire lives has already been spent. What they did was purchase Treasuries Bonds with the money. When those Treasuries come due, who will have to come up with the money? The Treasury. And where does the Treasury get money? Taxes. So they taxed us, then "borrowed" that money and now we have to pay ourselves back.

And people want to trust the government with more? They are now fixing to do another Stimulus Package. Here is what they are up to. They will run up massive debt and spend it on themselves and their supporters. Then, the printing presses will begin mass production of dollars. This will cause hyper-inflation which they will use to pay off their loans thus screwing the people holding our Treasuries, such as the Chinese, Saudis and of course, us.

The Government will be off the hook and we, will be toting bushel baskets of dollars to the store to buy a loaf of bread. But that's Ok. The Government will be there with soup kitchens so we won't go hungry.

*

It depends on whether the stimulus and bailouts are paid back or result in long term money making ventures. Even if they are, is it likely the money will be used to pay down the debt?

I would think they would change the Gramm Leach Bliley Act and break up some of these huge corporations who are "too big to fail" before they do something stupid again.

lots of the matters you touch on are genuine. the subject is you're searching for for one human guy or woman to convey approximately your "salvation". You fail to comprehend that even with who's elected, this usa is now " controlled" by skill of the proprietors of the federal reserve. The "conspiracy" concept is now not concept, it rather is certainty. purely seem around you. It rather does not rely what political occasion, they have their human beings ideal the place they want them, they gained't relax till they have finished, finished administration of each and every little thing, and all and sundry!!! the only answer is to get on your knees, and PRAY!! The suggestions to ALL you suggested are interior the Bible. in case you like the ameliorations you seek for, Jesus Christ is the only way you will ever see them. Any political candidate, that doesn't SOLIDLY stand on the rock, do not vote for, it incredibly is how we could make united states of america great as quickly as extra. examine Jeremiah 11:a million-11: it rather is basically some verses, see what happens to a usa that turns from God!! Our founding fathers made a written covenant with God in the past the form, called The Mayflour Compact. It reported that we'd constantly be a usa outfitted on the precips and concepts of the gospels of Jesus Christ. seem around, abortion, immorality in all tiers of government, sexual matters, etc., in case you truley want what you ask and seek for on your question, I strongly advise you do somewhat study, or you will land up with purely the different. might The Lord bless and save you, and open your heart, and your eyes. In Jesus call. Amen.

He wants to leave them 10 Trillion dollars in debt. If we let him..

Bush left us 1/2 Trillion in debt & we thought that was bad, & Obama is following in his footsteps and going even further.

I think that they want to change the monetary system..

At the rate they are going with the economy, I don't even won't to know what the legacy will be. I know they have their party views and like to win, but I think they need to be very careful with the economy. They are simply wrong.

Most of that debt is Bush's legacy.

1.3 trillion dollar tax cuts each year for 3 consecutive years + paying for 2 wars + general government increased spending = huge fiscal meltdown.

There has never been a time in American history where we were not in debt.... except during the Clinton years.

Yes

He will turn us into a third world toilet and our grandkids will be paying a 70% tax rate.

Will there be an America left for the children?

.