Not a good backdrop to start a convention.CNN: National Debt Surpasses $16 Trillion
National Debt Likely To Surpass $16 Trillion During The DNC
Posted: 09/04/2012 4:04 pm Updated: 09/04/2012 4:05 pm
The U.S. national debt is set to pass an inconvenient bench mark at the worst possible time for Democrats.
On Tuesday, the first day of the Democratic National Convention, the national debt will likely surpass $16 trillion, according to FoxNews.com. The Treasury Department’s tool for counting the national debt is still paused from its Labor Day break, but, if FoxNews.com’s estimate is correct, the $16 trillion club should open around when Democrats take the stage in Charlotte.
Of course, the national debt has been a flashpoint for controversy during the election season. Last week, Republicans featured two clocks counting the national debt during their convention. And Republican presidential nominee Mitt Romney and running mate Paul Ryan have touted their budget proposals as fiscally responsible means to a smaller deficit.
In addition, Koch-sponsored conservative group Americans for Prosperity spent millions of dollars on ads attacking President Obama, one of which targeted his record on the national debt, according to CNN.
The national debt has soared during Obama’s presidency, increasing more in his first three years and two months on the job than during George W. Bush’s eight-year presidency, according to CBS News. Still, Obama says he's working to slash the deficit. His budget proposal predicts that the debt will decline this year and drop by somewhere between $500 billion and $700 billion in the next 10 years.
Here's where some of your tax dollars go:
Hacker group AntiSec has broken into an FBI laptop, where it found 12 million unique identifying numbers for Apple devices, it says. The group published 1 million of these UDIDs to back up its claim, Slate reports. AntiSec, which says it refrained from leaking more sensitive information such as users' names and phone numbers, believes the FBI was collecting the data to track users.
The FBI agent reportedly targeted has previously called on hackers to team up with the agency. Based on hackers' account of the breach, The Next Web surmises that the UDIDs may have been linked to a cyber-crime investigating unit called the National Cyber-Forensics & Training Alliance. To find out whether your device was among those whose details were leaked, try TNW's tool. Weird note: The hackers say they'll release more information about the breach, but first they want Adrien Chen at Gawker, who has written critically of them in the past, to ... dress up in a tutu.
Who said that thing about taking out a credit card from the Bank of China in the names of our children and grandchildren?
I need to learn Mandarin.
Still Bush's fault (apparently Obama was not part of the Democrat majority during Bush's term)
When Bush is dead it still will be Bush's fault
$16 trillion in national debt.
Likely billions lost in Obama's economic stimulus.
You'd think that Mitt Romney would be pummelling Barack Obama with this concrete evidence of Obama's incompetence. Which is to say, if I was running against Barack Obama I would focus on these horrible numbers exclusively.
But I don't hear a peep from the Republicans.
All the Republicans talk about is the abstract Ryan plan vs the equally abstract Obama plan, whatever they are.
If the Republicans were serious about the national deficit, they wouldn't have let it skyrocket from 2000 through 2006/2008 by borrowing trillions for wars, financial bailouts, medicare, and tax cuts without balancing spending cuts.
If the Democrats were serious about hope and change, they wouldn't continue feeding the war machine, pass a medical insurance bailout dubbed "healthcare reform," and engage in crony capitalism.
Will be 20 Trillion by the end of the next President Term.
Regardless of who gets elected.
Bet on it.