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$18 Trillion




By FITSNEWS  ||  On or around December 9, 2014 (a.k.a. next week) the federal government’s debt will hit the $18 trillion mark – roughly thirteen-and-a-half months after it passed the $17 trillion threshold.

For those of you keeping score at home, that’s $18,000,000,000,000.  Twelve zeroes.

Ridiculous, huh?  Of course it is … but don’t expect the “Republican-controlled” U.S. Congress to do anything about it.  Well, other than raising your taxes in an increasingly hopeless effort to make it appear as though this mess is sustainable.

Which it obviously isn’t …

American taxpayers will continue shelling out $1 trillion a year incentivizing dependency via the U.S. welfare state.  They will continue spending trillions more incentivizing terrorism via its interminable “War on Terror.”  They will continue to refuse reforming an entitlement system that’s about to go permanently in the red. And don’t forget all the crony capitalist bailouts and special interest handouts … which come on top of Washington D.C.’s perpetual bureaucratic expansion.

As we’ve said a million times, the center cannot hold … which is starting to show.

The government’s debt stood at $5.6 trillion at the end of fiscal year 2000 – shortly before former president George W. Bush and a “Republican” Congress took control in Washington, D.C.  By the time the GOP lost control of Congress in 2006, the debt was $8.5 trillion – and by the time Barack Obama was elected president it had climbed to more than $10 trillion.

The last serious “bipartisan” effort to address this growing problem?  The 2011 debt dereliction deal – an agreement to extend the nation’s debt limit by $2.4 trillion over a 17-month period in exchange for $2.1 trillion in cuts over a ten-year period.

Not surprisingly, those “cuts” never materialized …

“Republicans” led by Mitch McConnell and have vowed to tackle the debt.  We know this because Glenn Beck‘s website said so, prompting millions of “Republican” voters to take it as gospel.

But will they?

Of course not … look no further than the last time they held power.

We’ve said it before and we’ll say it again.  The “red team” and the “blue team” don’t care about cutting off the spigot – they care only about getting their hands on it and directing it toward their political benefit.

Until that changes … nothing changes.


9/30/2015 – ???
9/30/2014 – 17,824,071,380,733.82
9/30/2013 – 16,738,183,526,697.32
9/30/2012 – 16,066,241,407,385.89
9/30/2011 – 14,790,340,328,557.15
9/30/2010 – 13,561,623,030,891.79
9/30/2009 – 11,909,829,003,511.75
9/30/2008 – 10,024,724,896,912.49
9/30/2007 – 9,007,653,372,262.48
9/30/2006 – 8,506,973,899,215.23
9/30/2005 – 7,932,709,661,723.50
9/30/2004 – 7,379,052,696,330.32
9/30/2003 – 6,783,231,062,743.62
9/30/2002 – 6,228,235,965,597.16
9/30/2001 – 5,807,463,412,200.06
9/30/2000 – 5,674,178,209,886.86