$3.7 Trillion Gov Financial System Spending

Discussion in 'Economics' started by pspr, Jul 21, 2010.

  1. pspr


    "Indeed, the current outstanding balance of overall Federal support for the nation's financial system...has actually increased more than 23% over the past year, from approximately $3.0 trillion to $3.7 trillion -- the equivalent of a fully deployed TARP program -- largely without congressional action, even as the banking crisis has, by most measures, abated from its most acute phases," the TARP inspector general, Neil Barofsky, wrote in the report.

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  2. In the <18 months since Obama has been in office, he has increased the "amount of debt per citizen" by approximately 40%!

    Can you imagine? After 230 years, the debt increases 40% in only 18 months? Some would call that "greedy and irresponsible". How about.. INTENTIONAL! Obama appears to want to COLLAPSE THE US ECONOMIC SYSTEM BY OVERLOADING IT WITH DEBT (via Cloward and Piven) TO PAVE THE WAY FOR USHERING-IN A NEW ECONOMIC AND SOCIAL ORDER IN THE USA!

    Obama... Public Enemy #1!! The most DANGEROUS MAN EVER ON AMERICAN SOIL!