President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion

[I AM NOT THAT GUY 5,715]

Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.

The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.*

The bill also establishes a statutory Pay-As-You-Go procedure requiring that new non-emergency** legislation affecting tax revenue or mandatory spending not increase the Federal deficit – in other words, that any new spending or tax cuts be paid for with new taxes or spending cuts.

http://blogs.abcnews.com/politicalpunch/20...3-trillion.html

* I guess that means for every person paying taxes, two are sucking the government teat!

** So, nothing really changed?

[scandal 951]

* I guess that means for every person paying taxes, two are sucking the government teat!

Steve, you can tell the difference between citizens and taxpayers right?

E.g. young American children with no income are citizens, but not taxpayers.

And immigrants with Green cards who are legally living and working in the US are taxpayers, but not citizens.

It's not surprising at all that the numbers of citizens is significantly larger than the number of taxpayers. But of course you do like to dig a needle in don't you?

[I AM NOT THAT GUY 5,715]

Steve, you can tell the difference between citizens and taxpayers right?

E.g. young American children with no income are citizens, but not taxpayers.

And immigrants with Green cards who are legally living and working in the US are taxpayers, but not citizens.

It's not surprising at all that the numbers of citizens is significantly larger than the number of taxpayers. But of course you do like to dig a needle in don't you?

Umm, Steve is the hippie, and I am the heartless corporate shill ...

[scandal 951]

Umm, Steve is the hippie, and I am the heartless corporate shill ...

Sorry Bill. It must have been those crackers in bed. They confuzzled me.

[Pooky 3,809]

Sorry Bill. It must have been those crackers in bed. They confuzzled me.

I wouldn't say you're losing it, 'cos to do that, you'd have had to have "it" in the first place.

[scandal 951]

I wouldn't say you're losing it, 'cos to do that, you'd have had to have "it" in the first place.

** you too

[Pooky 3,809]

** you too

You're welcome