Oh, the national debt hit $16 trillion today.
Archive for September 4th, 2012
Democrats: All race, all the time.
On MSNBC’s Tuesday coverage of the Democratic National Convention, Texas Democratic Rep. Shelia Jackson Lee warned that social and civil rights could be denied for “promises” of economic rights if Mitt Romney defeats President Barack Obama in November.
“The sacrifice of Dr. Martin Luther King is well embedded in African-American voters throughout the nation,” Jackson Lee said from the DNC in Charlotte, N.C. “We don’t want to go back to our social and civil rights being denied for promises about our economic rights.”
“We realize President Obama is standing with us on economic rights — education, Pell grants which will be cut by the Romney administration, Medicare which will be cut by the Romney administration, unemployment insurance which is necessary for those trying to get a job will be cut by the Romney administration, and investment in infrastructure which will be cut by the Romney administration,” she said.
Jackson Lee won’t tell the mindless O-bots about Obama and the Democrats cutting Pell grants and why Obama wants to keep black children in failing schools. Jackson Lee won’t tell blacks about the $716 billion in Medicare cuts the Democrats used to pay for ObamaCare while double-counting the “savings” to trick the weak-minded O-bots. All Democrats have is lies and distortion.S
“African-American voters are not monolithic — they don’t think this one way. They think holistically,” she added.
This is IRRESPONSIBLE & UNPATRIOTIC as Senator Obama was fond of saying.
(CNSNews.com) -The U.S. government debt, which topped $16 trillion for the first time at the close of business on Friday, now equals approximately $136,260 for every household in the country.
Just since President Barack Obama was inaugurated on Jan. 20, 2009, the debt has increased by $45,848 per household—or about 50 percent per household.
As of Friday, the debt was 16,015,769,788,215.80. According to the Census Bureau, there were approximately 117,538,000 households in the country in 2010. Thus, the current debt equals about $136,260 per household.
When President Obama was inaugurated in 2010, the debt was 10,626,877,048,913.08 and has since increased by 5,388,892,739,302.72. That equals an increase of about $45,848 per household.
Just give Obama another 4 years. He will turn the economy around and drive it even further into the ground.
WASHINGTON (AP) — U.S. factory activity shrank for the third straight month in August as new orders, production and employment all fell. The report adds to other signs that manufacturing is struggling around the globe.
The Institute for Supply Management, a trade group of purchasing managers, said Tuesday its index of manufacturing activity ticked down to 49.6. That’s down from 49.8 in July and the lowest reading in three years. A reading below 50 indicates contraction.
Weak consumer spending and steady declines in business orders for large machinery and other capital goods are slowing factory output.
Following a brief period in which it seemed that US foodstamp recipients may have peaked, with those living in poverty maxing out at 46.514 million in December 2011, and then declining modestly for the next few months, June saw a new surge in those Americans living in poverty and thus eligible for foodstamps, with 173,600 new entrants into the system, bringing the total to a new all time high of 46.670 million and once again rising fast. Furthermore, with subsequent emergency events affecting the heartland due to the drought, the administration has made sure even more Americans will be eligible going forward. As a result expect the July and August numbers to promptly surpass 47 million on their way to the psychological resistance level of 50 million. Indicatively, the 173,600 increase in Foodstamps recipients in June was three times greater than Americans finding jobs (64,000, most of which part-time) according to the BLS. Finally, a new record was also breached for American households on foodstamps, which now hit 22.4 million, an increase of 106,298 households. The average benefit per household decline once more, this time to $276.5. Not an all time low, but just above it.
Persons on Foodstamps