Where does the American Government get all it's money? How do they manage not to go bankrupt?
It seems like everyday their President Obama is proposing some new trillion dollar plan. How do they manage to afford it all?
It seems like everyday their President Obama is proposing some new trillion dollar plan. How do they manage to afford it all?
Technorati Tags: dollar plan, obama, trillion
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The US Treasury just prints more. The Fed has been printing money to pay interest on debt for decades. This is why a US dollar today will only buy what a nickel bought in 1920. The Fed has been robbing all our banks by inflating (devaluing) the dollar.
As long as this "funny money" system is in place, the fed can withdraw money from our savings accounts any time that it wants.
January 23rd, 2012 at 9:10 pmThey are in debt worse than anyone could imagine.
January 23rd, 2012 at 9:10 pmThey borrow.
January 23rd, 2012 at 9:10 pmIf taxes don’t cover it, they just make it up… Like unicorns and dragons
January 23rd, 2012 at 9:10 pmfrom China
January 23rd, 2012 at 9:10 pmthey provide services for you and others
January 23rd, 2012 at 9:10 pmSimple Obama is the government they are in charge of making more money and release it to the public.If you don’t know the government gets their money from us (tax payers) and distribute that to something i don’t know where its going. It better go to something good not for donating in another country but our own.
GIVE USE JOBS!!
January 23rd, 2012 at 9:10 pmOur government prints our money, its stimulation that liberals are trying to do through artificial means that is messing up our economy, and by printing an irregularly high number of new paper money
Just like how liberals start having sex so early in life…any way they can!
January 23rd, 2012 at 9:10 pmit is borrowed from the private banking cartel known as the federal (it’s not) reserve (it has none) at interest. the system is inherently corrupt, is sustained only by endless borrowing and the debt is inherently impossible to pay back, as intended by design. it is the biggest ponzi scheme in history, designed to vastly enrich it’s owners while enslaving the people through huge unpayable debt as the means of taking total control. when the fed was started illegally in 1913, it was estimated it would take about a century to accomplish it’s purpose. seems they are right on schedule.
January 23rd, 2012 at 9:10 pmFederal Reserve……!
http://video.google.com/videoplay?docid=7757684583209015812
they Create Money out of Thin Air, Loan it to us, and WE pay them back with Interest….
Fractional Banking…..
it is a Grand Scheme of things that has been goin on since the Bank of England~!
January 23rd, 2012 at 9:10 pmtaxes of one kind or another. sale of promise notes to pay it back out of later earning
they do NOT "just print it’
up to about 1930 it was backed by physical gold rated at $32 and oz but that could not be enough for the billions in circulation
since the 1970 under Nixon the Dollar is a "floating commodity" bought and sold like wheat tin or next years wheat crop
As long as the economy grows the debt is paid back..
Like borrowing money to buy a car so you can get to work and make more money to pay off the debt
in the case of the car it can be repossessed. China canot "foreclose on the grand Canyon"
we do have an excessive debt but in the American revolution and WW II it was spend first, win and pay later. if we lost who cared about foreclosure?
January 23rd, 2012 at 9:10 pmThe U.S. Federal Government gets it’s money from the Privately-owned Federal Reserve. This is how it works: The Government gets the loaned money to spend from FR. Every bill they get has an interest they must pay back. Where will they get the money to pay the debt off? They get the money from the same people (Federal Reserve) that they owe. THAT money they get to pay off the debt ALSO has an interest that they must pay back with MORE money they get to pay off THAT debt. It’s an endless cycle of debt. Get it?
The U.S. went bankrupt when they got their first loan.
January 23rd, 2012 at 9:10 pmOMG! Yeah. Where did all the money go? Well also did you know that China has land rights to our national parks because we’ve borrowed so much money from them so if we default on our loans they can claim all that property and move in on us?
January 23rd, 2012 at 9:10 pmIt only seems that way if you’re not paying attention to the actual numbers.
Barack Obama became President in January, 2009. That’s in the 4th month of US Government Fiscal Year 2009.
I rely on official published numbers from the US government. No other organization is in a position to know exactly what the US government spends.
In FY2009, the government spent $3.517 trillion.
In FY2010, (Oct 2009 to Sept 2010), it spent $3.456 trillion. (Less than FY2009 but more than any previous year).
In FY2011, it was $3.601 trillion.
So in fact spending has held steady during Obama’s three years in office, varying only about 2%.
During George W. Bush’s presidency (2001-2008) it increased by an average of 6.6% per year, then jumped 17.9% in FY2009.
So it’s true that Obama is spending more each year than Bush did, but the change happened all at once and then stopped. Overall, Bush increased spending by 60% plus, whereas Obama increased it by 21%. That’s attributing all of the increase in 2009, which we know began under Bush with the TARP program, to Obama, so it’s not entirely accurate.
source: US Department of Revenue
January 23rd, 2012 at 9:10 pm