Rose Colombo, 7/14/2011, rev. 1/12/2014
Under which Job Description or Constitutional Authority does the non-vetted U.S. President, Barack Hussein Obama, applying that would grant him or Congress the authority to cut Social Security, which is a mandated Retirement Savings since the money does not belong to Obama or Congress, but to the U.S. Citizens who paid into the Retirement Savings? Social Security has been pilfered for years and millions or billions missing without accountability removed by the federal government. Which constitutional authority applies that would justify punishing senior citizens and forcing them into possible homelessness by stealing their money? After all, the federal government who lived off these seniors for years and still live off the taxpayers were promised that their earnings would be returned upon retirement? Social Security is not an Entitlement Program, so if, Obama and Congress were to deny millions of Seniors their earnings were safe and wouldbe returned upon retirement and if not, explain how Obama’s denying or cutting Social Security which isn’t an entitlement program any different from Grand Theft or a Ponzi Scheme?
Cut the Spending! Those three words are not pleasant-sounding to the ears of President Obama! He is the Print and Spend President. Obama made history as the president who increased the national debt within seven months to the highest level ever from $13 trillion in June 2010 to $14 trillion in December 2010! Where’s the 350,000 shovel ready jobs Obama promised?
One lucky guy was George Kaiser, Obama’s bundler, who Obama granted $40,000,000 in US tax stimulus dollars and told his audience at a meeting that he was going back for more because the White House [Obama] was shoveling more money out of the door than any president in history and America would never see that again – and guess what – he went back for more and Obama granted George Kaiser, co-owner of Solyndra, an additional $535,000,000 more! And, the U.S. Solyndra employed workers lost their jobs afterwards; and Solyndra’s executives were reported to take out huge bonuses and wages before they bankrupted Solyndra! And, that’s on the backs of the U.S. Natural Born hard-working Americans! I read an article that stated American taxpayers were ordered to pay about $14M to cover the costs of those who lost their jobs.
So, instead of the executive office and congress acknowledging that social security funds were misused by congress, they continue to point the finger at the recipients of social security who worked for 20 – 60 years and were forced to by the federal government to contribute to social security from each pay check. The federal government removed the money from the paychecks of the seniors and veterans during their work years, which the government promised to save as a retirement fund, and deposit into a “Trust” fund. If seniors had been allowed to deposit their earnings into an IRA or a CD or a savings or 401K for 20 – 60 years, they would have earned interest and wouldn’t be at the mercy of the federal government and would have access to their own money. Social Security does not belong to President Obama or to the Congress, but to the American Retirees!
Remember, if Americans were allowed to invest their earnings into an interest bearing retirement account versus the Federal Government demanding that they pay into a mandated Federal Retirement Account, it stands to reason that their retirement savings would have increased substantially and they would have control of their retirement savings. Instead, what began as a voluntary system by the federal government turned into a mandatory tax, but in reality, retirement savings isn’t a tax. The federal government made seniors and veterans dependent upon the federal government through the social security program and the government which is socialism.
In fact, the federal government took away the independence of seniors and the federal government is their parent who decides how much seniors can earn or receive from their social security savings each month. The government doesn’t pay interest on the earnings they pilfer from seniors, but Obama threatens to deny social security checks to seniors, veterans, and military families. Seniors are paying double taxes on social security money. Taxes were already removed from their earnings and then the government calls the social security payment a tax and then they tax the social security again once they begin receiving it. This is the same as Obama-Care. Americans forced to pay-up-front for services not rendered and may never be rendered and then after the people’s money is diverted like usual, healthcare will be denied or rationed and people will die in my opinion.
In 2008, Congress opened the purse strings containing $5 Trillion in taxpayer money and one might say gifted it to President Obama! No strings attached or accountability for his “redistribution” of America’s wealth. The stimulus funds resulted in more tax dollars spent than any president redistributed in 235 years. The $5 trillion granted to Obama as stimulus funding did not stimulate the economy, but it exceeded the amount owed on the national debt or owed to China. Today, the Obama administration hasn’t created any new jobs. The Clinton’s and Obama outsourced jobs to Communist China including solar jobs. It’s small businesses that create more jobs. Instead, Obama created more government jobs and didn’t provide loans so small businesses could expand, but instead created more regulations and punishments.
Now, Obama is fear mongering by targeting the most vulnerable of our society, the baby boomers, seniors, veterans and the disabled. What sort of person elected to public office threatens the vulnerable of society who were ripped off by their government? Baby boomers and seniors worked most of their lives and paid taxes. Seniors and veterans helped make this country great and weren’t welfare recipients. Social security is money earned, not welfare. Not only is Obama’s threat immoral but disrespectful to every American citizen who worked for their living. So, one must wonder if Obama has disdain for seniors, veterans, and the disabled as well as the unborn?
Furthermore, the housing crisis affected jobs and it devastated the home building industry and real estate. Many Baby Boomers are forced to retire early because the group which Obama funded and mentored known as Acorn pressured congress. In turn, congress pressured the banks and ordered the bankers to issue fraudulent loans. Social Security is not a welfare or entitlement program, but a promised retirement fund. Americans were led to believe that their earnings, which the government removed from their paychecks, was deposited into a “Trust” Account.
Actually, isn’t it considered a crime to remove money from a “Trust” Account without the permission of the owners since earnings are private property? How is diverting the retirement money removed from the paychecks of U.S. citizens considered ethical? How was it ethical for the federal government to threaten seniors and veterans by stating that Obama may not reimburse the social security savings owed to seniors or veterans if the GOP didn’t agree to his budget? Americans should ponder how denying social security is any different from a Ponzi Scheme perpetrated by Made-Off, oops, I mean Madoff. Madoff was prosecuted for diverting his clients’ retirement funds which he promised to invest after the clients discovered that their investments had been diverted.
Also, an excessive number of prisons throughout the country have been built at taxpayers expense since the Clinton administration, instead of factories, which would have provided jobs, but U.S. factories and jobs have been outsourced by our presidents to Communist China and India. It’s a fact that high unemployment creates more crime. Prisons generate about $60 billion in tax revenues each year, which is excessive, yet, they are arresting more people in the U.S. than any country in the world making the prison system unaffordable. In fact, there are projections that under the NDAA law, more Americans could be indefinitely detained in the future if Obama is re-elected. Yet, the Clinton and Obama administration cut back on NASA, Defense, and education funding.
So, are they creating the Prison Industrial Complex and about to use every American man, woman, and child as human commodities for profit – to fill the prison beds – after all, they’re creating so many laws – and denying due process of law – how can an American win against a dealer who is stacking the deck?
In fact, outsourcing jobs to China and India helped create an increase of unemployment in America. President Clinton outsourced U.S. jobs, technology, and businesses to Communist China as well as Obama. Clinton opened the borders and signed NAFTA. China and India are employing more people and building more factories thanks to the Clinton’s and Obama who catapulting Communist China’s economic status as a potential economic super power. How is it that the Clinton’s and Obama are so dedicated to outsourcing U.S. jobs to a Communist Nation instead of channeling that same energy into the U.S.?
About 1993, Communist China threatened to blow Los Angeles off the face of the map. . On the other hand, Soros is alleged to be one of Obama’s primary donors and supporters. Soros strategic stated goal is to devalue the U.S. dollar and help build the economic status of Communist China which congress should be addressing.
Furthermore, wars cost billions of tax dollars. Recently Obama attacked Libya without the approval of congress at a cost to the taxpayers ranging between $600,000 to $1.4 million per tomahawk. Obama fired off 221 tomahawks – multiply 221 x $600,000 – $1.4 million at taxpayer’s expense and figure out the additional hefty debt to the American people. Obama ordered the firing off of the tomahawks without congressional authority during a deep recession according to the news. He created a fourth war at taxpayer’s expense cleverly referring to his act as a “mission.” Imagine how many U.S. jobs could have been created if those same U.S. tax dollars had been redistributed to small businesses.
Therefore, I’ve gathered some information relating to the National Debt. For example, did you know that the Total Debt per Citizen in 2011 is $176,281 and the Total Debt per family is $669,103 and the Total Savings per Family is only $6,953. Think about that!
How is it that the U.S. National Debt was at $284,705,907,078 in 1959, which was only 50 years ago and reported at a startling $5,656,270,901,615 in 1999 while Clinton was president. In 2004, the national debt was reported at $7,379,052,696,330. Bush was said to have started his presidency with a surplus, but he managed to substantially increase the national debt within 8 years reported at $10 trillion dollars when he left office in 2008. Although, Obama promised not to raise taxes and support small businesses, increase jobs, and stimulate the economy, he did not.
But, Obama made history. Not only was he the first 1/2 white and 1/2 Black U.S. President, but he kept none of his promises and he skyrocketed the U.S. National debt with in 24 months to a whopping $14 trillion! He’s the first U.S. President who has managed to increase the national debt within 7 months from $13 trillion in June 2010 to $14 trillion by December 31, 2010.
Obama appointed U.S. Attorney General, Erick Holder. Holder commented that the American people will be “polarized” in the future and that the change coming will be that the American people won’t recognize the face of their own nation, so is a part of the polarization coming from this administration including the polarization of seniors and veterans, the sick, and the challenged?
Although, everyone is told by the media and the federal government that China is the biggest threat to America if the U.S. defaults on the national debt, I believe the biggest threat to America are public servants who are in bed with Wall Street and are using U.S. citizens as commodities for profit through global agendas by funding private corporations of billionaires like Soros through employees of the federal government such as Michael Chertoff and his Rapiscan business with stimulus tax dollars, prisons, Obama-care, Planned Parenthood; and denying Americans the right to collect rain water, while the wealthy are allegedly buying up the water reservoirs, and destroying the farms.
Therefore, let me ask and answer who owns the U.S. National Debt? China owns 21.09%; Japan owns 20.4% or nearly an equal share along with China; and the remaining U.S. Debt is owned by other nations in the world at 58.51%.
The business owners and politicians don’t talk about the debt as related to the outsourcing of jobs to China and India as a major reason America is out of work. The U.S. National debt has doubled since Clinton was elected into office and he and Hillary were the catalysts who worked with Wal-Mart and COSCO (the largest communist Chinese importers into the U.S.) to import more products made in China than any other retailer in the U.S.A. Because of the Clinton’s efforts, U.S. consumers rarely see “Made in the U.S.A.,” any longer. President Clinton outsourced U.S. jobs and U.S. technology to Communist China along with globalist corporations. He opened the borders and signed NAFTA making it easy for retailers like Wal-Mart and COSCO skyrocket in sales of products made in China instead of Made in the U.S.A. Hillary Clinton introduced universal healthcare and now Hillary-Care has morphed into Obama-Care against the will of the American people for a second time, which could create an economic collapse in the future.
In 1959, the National Debt was at $284,705,907,078. Under, Clinton, the national debt increased substantially in 8 years. By 1999, the National Debt was at $5,656,270,,901,615. In 2004 under Bush, the National Debt increased and read $7,379,052,696,330, but by 2008, the debt as I stated was at $10 trillion. But, the U.S. Historical National Debt record and award for increasing the debt limit by trillions in 2 1/2 years is credited to President Obama, with the support of the U.S. Democratic and Rhino U.S. Congress, who has managed to hit the debt ceiling at $14 Trillion by 2011.
But, President Obama also receives the Historical National Debt Award for being the first U.S. President in 235 years who with the blessings of congress, increased the National Debt within 7 Months from $13 Trillion to $14 Trillion! Alas, Obama doesn’t intend to stop there. He demands that congress hand over the purse strings and push the debt ceiling even higher. So, when should Americans expect the bubble to burst since congress has been mush in Obama’s hands since 2008? How can congress have allowed the economic outsourcing of jobs to a communist nation and why would they want to build up a communist nation with knowledge that it is destroying the U.S. economic status which could collapse?
2011: U.S. Population = 311, 756,198 (2008 = 304,421,946)
2011: U.S. Income Taxpayers = 111,741,291 (2008 = 108,228,953)
2011: Official Unemployed = 14,055,369 (2008: unemployed 9,503,495; the 2008 U.S. Work Force = 144,672,980)
2011: Actual Unemployed = 24,814,674 (2008: = 13,495,738)
2011: State Local Employees = 15, 892,215
2011: Federal Employees = 4,305,706
2011: U.S. Work Force = 139,813,347
2011: U.S. Retirees and SSI = 65,602,765 (2008 = 50,418,079, a substantial increase between 2008 and 2011)
2011: U.S. Families = 82,102,337 (2008 = 79,288,871) [could the increase between 2008 and 2011 be related to Obama’s illegal aliens made legal and his push for more Palestinian refugees and immigrants into the U.S.?]
2011: Food Stamp Recipients = 45,037,907 (2008 = 31,042,554) [Is the substantial burden on the taxpayers due to the corruption in the government and banks having to do with the fraudulent loans as well as increased unemployment since 2008 to 2011?]
2011: Bankruptcies (major increase) = 1,582,470
2011: Foreclosures (major increase) = 990,799
2011: Social Security = $15,117,687,999,999* and rising
2011: Rx Drug Liability = $20,002,863,999,999* and rising
2011: Medicare Liability = $79,542,296,999,999* and rising
2011: U.S. Unfunded Liability = $114,661,849,999,999* and rising
2011: Liability per taxpayer = $1,026,138
2011: Small Business Assets = $4,518,191,999,999* and rising (2008 = $6,461,734,999,999* and rising) [ Is the substantial decrease between 2008 and 2011 a result of Obama’s failure to help small business expand resulting in the downsizing and businesses closing their doors?]
2011: Corporate Assets = $13,239,232,999,999* and rising (down from 2008, but note corporate assets are nearly 3 x as high as small business assets) (2008 = $14,8780,440,999,999* and rising)
2011: Household Assets = $57,928,343,999,999* and rising
2011: Total National Assets = $75,685,772,999,999* and rising (2008 = $78,713,574,999,999* and rising – a substantial decrease as of 2011)
2011: Assets Per Citizen = $242,722 (2008 = $259,250 substantial decrease as of 2011))
2011: U.S. Total Interest = $3,630,227,999,999* and rising [How can Americans afford the interest, let alone the debt?]
2011: Interest Per Citizen = $11,644 per year (meaning Americans are getting poorer)
2011: U.S. Total Debt = $54,934,996,999,999* and rising (in 2008 the National Debt was $10 Trillion which was an 8 year increase of debt under Bush vs. Obama’s 7 month doubling of the National Debt)
2011: Total Debt Per Citizen = $176,281
2011: Total Debt Per Family = $669,109
2011: Savings Per Family = $6,953 [Note the Total Debt versus Savings]
2011: U.S. Public Debt Subject to Limit: $14,291,025,999,999 and rising *
2011: National Debt Per Citizen = $46,503
2011: National Debt Per Taxpayer = $129,747
2011: Income Tax: $946,651,562,999 and rising *
2011: Payroll Tax – $840,371,075,999 * and rising
2011: Corporate Tax = $196,354,114,999* and rising [Please note the huge difference between income tax, payroll tax, and corporate tax]
2011: U.S. Federal Spending – $3,590,923,999,999* and rising
2011: U.S. Federal Budget Deficit – $1,393,586,999,999* and rising
2011: U.S. Total Interest – $3,630,226,999,999* and rising
2011: U.S. Interest Per Citizen = $11,644 *(that’s how much each U.S. citizen must pay out in taxes just for interest only on the debt each year and rising)
I believe that the Total Mortgage Debt is the major portion of Personal Debt which was caused by our own government after Acorn pressured Congress and Congress pressured Banks to commit a crime and issue fraudulent loans. Another example of waste is the multi-millions for the Gun-running program “Fast and Furious launched by Obama as well as the trillions spent on Imams, restoring mosques, trying terrorists in civilian courts, and diverting the trillions to groups like Acorn, Planned Parenthood, the IMF, AIG, and so forth…instead of creating U.S. jobs. But most business and political leaders don’t mention the wasted $5 Trillion recklessly spent since 2009!
2011: U.S. Total Debt = $934,999,999,999* and rising every second
Note: The * and the 999’s at the end of the round numbers listed above are symbolic as those numbers (999)are continually increasing each second of every day!
Imagine in 1959, the U.S. National Debt was at $284,705,907,078!
(Disclaimer: This information is based on Rose Colombo’s personal research and personal opinions as a political activist, not as a government expert on the National Debt, so, I suggest you always seek out economic experts working on issues relating to the National Debt). Rose Colombo, is the author of the award-winning book, Fight Back Legal Abuse,” featured in the Daily Law Journal and her latest political satire, an Orwellian take on today’s political agendas. You’re invited to read Free 5 Star Reviews and Complimentary Pages of her book at www.amazon.com
Follow: www.Facebook.com/RoseColombo and Twitter@Rose4Justice
44 thoughts on “Obama: First President in History To Increase U.S. Debt From $13T to $14Trillion in 7 Months!”
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This a tragedy! We have all heard the saying 2 step forward and 3 steps back. Just we we as Black America begin to think that things are getting better for us things get worst. One the most intelligent, highly educated black men in America rises up and become President, but then creates a debt in 7 months that has been reached since it’s history. We all know that he can’t take all the blame. But, many in the Black community are feeling like the ostrich who puts his head in the sand because the finger is being pointed at us. We have been accused of being great workers, but no so good at managing. Now some as saying see I told you. I don’t blame President Obama I blame every single official in Washington who didn’t stand up and say this will not happen. They made the choice with him, yet the black community gets the black eye.
Yes Will, it is very sad for all Americans. He has set MLK’s civil rights movement back by pulling out the race card and the only people who get hurt are the kids who fall for it and end up injured, or dead, or in jail. The people at the top who encourage these agendas aren’t harmed. The economy is very bad for everyone and 50% of Americans are on food stamps, but in 1994, it was only 10% and we thought that was high. Joblessness creates crime. And, the highest unemployment rate is hitting the black communities. Congress is complicit and they refuse to control the reckless spending, so, We The People are suffering the consequences and I fear there will be more pain and they fill their bank accounts with our tax dollars.
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