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Posts Tagged ‘Oprah’

In a parody of the song, The Candy Man Can from Sammy Davis Jr., funny man Tim Hawkins has brilliantly assembled political lyrics in his latest video, The Government Can. http://www.timhawkins.net/

If YouTube gives awards like the Oscar’s or Grammys, this is sure to be nominated by members of  all political parties who are disgruntled with the current spending trends and debts. 

The National Debt Clock is ticking higher to an average of $3.89 billion per day since September 28, 2007. http://www.brillig.com/debt_clock/  and here it it broken down into categories http://www.usdebtclock.org/ including the per citizen debt of $38,000.

Congress will be forced to raise the legal limit on the nation’s debt later this year as the amount the government may borrow from the public, (that’d be us people who actually pay taxes unlike Timothy Geithner our Treasury Secretary) including foreign creditors, is limited by law to $12.1 trillion.  Today’s debt clock is $11 trillion give or take.

The Congressional Budget Office projects President Obama’s policies will require an additional $9 trillion in borrowing over the next decade.http://www.cbo.gov/ftpdocs/102xx/doc10296/06-16-AnalysisPresBudget_forWeb.pdf  has the President’s Budget Proposals for FY 2010. ” 

Under the President’s policies, the deficit in 2009 would total $1.8 trillion and equal 13.0 percent of gross domestic product (GDP), CBO estimates. The deficit in 2009 would be $157 billion higher than what is expected to occur under current law—primarily because of  additional spending for the government’s actions to stabilize financial markets and for ongoing military operations in Iraq and Afghanistan.

Oprah, a huge Obama supporter has a few ideas of her own to help reduce debt saying- “While the market plunges, free-floating anxiety is rising. If exercise and meditation aren’t your thing, here are a few other strategies you may not have considered.” http://www.oprah.com/subtopic/money/debt  Maybe someone from government should simply take a look at suggestion number 4- Stop Spending.

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