The legacy of Obama and the Election in 2014 and Beyond....
Posted in the Banking Forum
#1 Nov 19, 2013
The legacy of Obama and the Election in 2014 and beyond: The enormous jump of the National Debt from $ 9.84 Trillion USD to $ 17+ Trillion USD..If the Fed's purchase of Bonds w/o collateral is included ($ 4+ Trillion USD), then the National Debt jumped 120+% in about Five years!!!
I mean the overall national debt that began in 1970s!!! For more than four decades, the combined Debt was $ 9.84 Trillion USD and then in a short five years, it skyrocketed to $ 21+ Trillion USD if you counted the $ 4+ Trillion expended by Bernanke... Sooner or later, they are all counted!!!
Give me no excuse...I am not in the Political Arena...But the sound minds to run for office in 2014 and beyond need to take note of the important issue and agenda!!!
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