Federal Orchestrated Debt Tops $15 Trillion: A Time Bomb Of Another $12.8 Trillion Lies In Wait ~ Total $27.8 Trillion.

Posted on November 16, 2011


Banker's Stooges meet to discuss the economic bailout plan in the Capitol in Washington September 25, 2008. (L-R) Senator Jack Reed (D-RI), House Financial Services Committee Chairman Barney Frank (D-MA), Senate Banking Committee Chairman Chris Dodd (D-CT) and Senator Chuck Schumer (D-NY) - Who Just Got Dumped Out Of Another Term.

The Treasury Department said Wednesday that federal debt now tops $15 trillion — a staggering figure that has risen precipitously over the last decade.

The exact debt total stood at $15.034 trillion as of the end of business Tuesday, an increase of $56 billion over Monday’s tally.

All told, federal debt has risen $4.41 trillion since President Obama took office, and is nearly triple the size of the debt in 2001, when PresidentGeorge W. Bush landed in the White House.

Congress earlier this year raised the debt ceiling, which cleared the way for Wednesday’s new record figure, but tasked a special committee with finding ways to at least slow the staggering pace of growth.

Under this summer’s debt deal, the government can only sustain a total debt of $15.194 trillion.

At it stands now, debt is now nearly equal to the projected U.S. gross domestic product for 2011, which the Obama administration said in its February budget would reach $15.079 trillion.

The government’s debt figure is made up of two different calculations: debt held by the public, which reached $10.314 trillion, and intragovernmental holdings, which accounts for money the government borrows from places like the the Social Security Trust Fund, which stood at $4.719 trillion.

Washington Times

Raising Of The Debt Ceiling Is Meaningless, In Comparison To The Banker’s Gambling Debt Bailout That Spiraled From $700 Billion To $12.8 Trillion Behind Closed Doors.

The Debt Ceiling Was Raised 117 Times Since The $700 Billion Bailout.

According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy.


It turns out that that $700 billion is just a small part of a much larger pool of money that has gone into propping up our nation’s financial system. And most of that taxpayer money hasn’t had much public scrutiny at all.

According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy. The Bloomberg reporters have been following that money. Alison Stewart spoke with one, Bob Ivry, to talk about the true cost to the taxpayer of the Wall Street bailout.

PBS

  1. AFL-CIO Chief Issues Warning to Democrats, George Soros: U.S. Largest Labor Union “AFL-CIO” Mobilizes With The International Association Of Machinists Union, Voted To Support The Glass-Steagall Act & To Declare Independence From The Democrat Party!

  2. Obama Assures America’s Slavery To Rothschild’s Banking System: By Printing $110 Billion New USD Per Month And Injects It Into The Commodities Market.

  3. Bilderberger & NWO Crony Bill Gates: Ploy To Vaccinate Every Child On The Planet ~ While Obama Strips $2.2 Billion For Food Stamps ~ $100 Billion For Education Assistance & Cuts Energy Assistance By $3.3 Billion. Unemployment & Foreclosures Soar!

  4. Financial Crisis

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