This blog originally founded by Blogger who holds a theological degree and a doctorate in Counseling Psychology. Taught Psychology for 32 years and is now Professor Emeritus. Is a board-certified psychologist and was awarded the Lifetime Achievement Award in his profession. Ministered as a chaplain, and pastored Baptist and Episcopal churches. Publications cover the integration of psychology and theology. Served in the Army, the Merchant Marines and the Peace Corps.

Tuesday, September 4, 2012

National Debt Surpasses $16 Trillion

A powerful and prosperous nation should not be shackled by interest and debt 
WASHINGTON, D.C. – Congresswoman Virginia Foxx (NC – 05) made the following statement today upon hearing the announcement from the United States Treasury Department that publicly held national debt has surpassed $16 trillion:
“President Obama made a promise to cut the national deficit in half. But in fewer than four years, under his leadership and with his big-spending policies, our deficit has grown and national debt has expanded at an unprecedented rate to the historic high of $16 trillion.
“Crossing the $16 trillion threshold, as our country did today, should give each and every American pause. A powerful and prosperous nation should not be shackled by interest and debt.
“American families work hard to manage and minimize their debt, aiming ultimately for debt freedom. Choices are made to reduce spending, cost compare, work harder and longer, and forgo niceties, all because families know debt stands in the way of household thriving and peace-of-mind in retirement.  But rather than work with Congressional Republicans to apply those commonsense principles, President Obama has overseen a government growth and spending binge on failures such as “Stimulus,” Obamacare, and Solyndra.
“The fact that our children and grandchildren are on the hook for this debt is a shame.  And just as no parent would wish a debt-ridden future upon their children, so too do we as citizens want better for our country.”


Sarkazein said...

$16 Trillion yes, but at least our money is not being

NewGuy said...

I suppose we should all just be grateful that we have enough money to be able to provide a full time secret service to Valeri Jarett!

Anonymous said...

And both disgusting parties are responsible.

The only time some may place some emphasis on it is at the election period.

Then after November, both corrupt, treasonous parties go back to business as usual.

matt said...

I think it just goes to show how little understanding of our monetary system we have when those supposedly in charge don't even understand it. To compare the Feds balance sheet to a household is apples to oranges.

Anonymous said...

Are liberals are of the opinion that government can just print all the money it wants, borrow even more and spend any amount without restraint and with no consequences?

Sarkazein said...

Four years, summed up in a 13.5 minute video that is too long to watch.