Images: Debt Man Walking

by 1389 on June 17, 2012

in 1389 (blog admin), Barack Hussein Obama, humor, sovereign debt

Debt Man Walking

The Patriot Post: Titanic II — Obama’s Second Term

Newly released numbers show that the Federal Reserve under Obama has become the largest shareholder in U.S. government debt. The Fed owned $302 billion in U.S. Treasury securities in January 2009. That portion rose an incredible 452 percent by April 2012, with the Fed now holding $1.67 trillion. In roughly the same time frame, China’s share of U.S. government debt rose from $740 billion to $1.17 trillion, and Japan’s share shot from $635 billion to just over $1 trillion. Together, these three entities possess 49 percent of all the new debt generated during Obama’s term, in which total debt rose 50 percent from $10 trillion to $15 trillion.

Sovereign debt in foreign hands leads to the loss of national sovereignty.

The rise of Mount Debtmore

Diapers and politicians should be changed often, both for the same reason

Obama, the Post Turtle President

{ 1 comment… read it below or add one }

1 philipzhao June 17, 2012 at 7:38 pm

Shredding machines can do the job !

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