This Depressing Chart Shows How Much New Debt has Been Added Since the Senate Passed a Budget
- Posted on August 10, 2012 at 10:43am by
Becket Adams
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The Senate Budget Committee Republican staff under Ranking Member Jeff Sessions (R-AL) on Friday released the following chart:
As the chart clearly shows, it has been a full 1,200 days and $5 trillion in new debt since the Democrat-controlled Senate passed a budget.
“The refusal of the Reid majority to fulfill their legal and moral duty to lay out a financial plan for America proves them unworthy to lead the Senate chamber,” Sen. Sessions said in a statement.
But maybe Sen. Sessions is being a little hard on Sen. Harry Reid (R-NV). After all, how can we expect Reid to focus on something as boring as passing a budget when things like Mitt Romney’s tax returns need to be dealt with?
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Front page photo source: The Associated Press, this story has been updated.
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Comments (97)
gac1218
Posted on August 10, 2012 at 1:16pmDoes anybody realize the ineptness and unwillingness of this congress to be responsible with your money and the future of the country cost everyone, essentially an extra 40 cents on evry dollar you spend. You are paying income tax, state sales tax and then this hidden 40 % tax, all because we are cowards and keep voting representatives back in that have shown zero courage in addressing the most dangerous domestioc threat to this country, the debt and entitlement black hole that we will all, sooner or later fall in. Are you a brick in the high bulging wall, spoken of in Isaiah? You are if you keep looking to the government to fix our problems. No person or program can fix this country full of immoral, get all you can get, broken people. The government is broken, because the people are broken
Report Post »Bum thrower
Posted on August 10, 2012 at 3:10pmFirst we throw out ALL the Democrats; Then all the RINO‘S starting with O’connell and Boehner.
Report Post »SheriS
Posted on August 11, 2012 at 3:43pmDon’t blame the Republicans, all of the bills passed by the House are sent to the Senate and suddenly are not seen again. Part of that is because Nancy the wicked witch has Harry Reid basically buring all those past bills on Harry Reid’s desk never to be seen again. This started when Nancy lost her cherished job as Speaker when the liberals lost the House! This was all over the internet at that time and Nancy still tries to control what‘s happening on someone’s orders–some speculate that is on George Soros orders, but I don’t know that part! But that is why so many of the bills have never appeared in the Senate!
Report Post »Just__Sayin
Posted on August 12, 2012 at 9:44pmAMEN Brother!
Report Post »OneTermPresident
Posted on August 10, 2012 at 1:10pmWhere did all the money go? The nation is in worse shape than before Obama and his pals spent it… Hows that possible?
Report Post »Verceofreason
Posted on August 10, 2012 at 2:42pmIt went to Iraq and Afghanistan. Ask little Georgie.
Report Post »Fatheroftwo
Posted on August 10, 2012 at 6:42pmAnd the Unions!! Ask the Marxist in Chief!!!
Report Post »oldduffer
Posted on August 12, 2012 at 1:50pm@Verceofreason
Report Post »Afghanistan? Little king Obama got us out of there right away as he said he would. Increased importation of oil so we don’t have to waste our people on work. Increased Ethanol so the little children that depend on our corn are starving to death like Dems. want, so we decrease the population.
Increased abortion funding so the trash cans don’t go to waste and increased welfare so the people only work when they want and still get fed. Started 4 wars so we could kiss kiss with the Muslim Brotherhood and I hope he will support swimming lessons to the Israelis, so, they’ll at least tread water long enough for us to rescue them, before the Brotherhood finishes them off. You dems aren’t dumb or stupid but blind and deaf to anything against your party. We know our RINOs and try to kick them out while you know your bums and can’t wait to shove your head up far enough to chew hemorrhoids.
BHOHG2G
Posted on August 10, 2012 at 12:58pmI believe that Obama’s and the demos plan is right on course. This is their plan. They know that a direct outright take over of the country would actually backfire on them. This has to be done very slooowly over several decades so people and
Report Post »New generations will not really notice what’s going on. Thirty years ago when the term PC was introduced I knew something was going on that was not good. I’ve always disliked the whole PC thing. It is nothing but a formula for weeniness and a lot of Reps have fallen under the spell as well. So don’t ever call the opposition stupid! They have learned from history how NOT to overthrow a country. They just have to be calm and soothing and give money and favors out to people in huge numbers. Who do think a group of children would want to live with, parents (Gov) that teaches self reliance and personal responsibility or parents that let them play all day and eat anything at anytime and just run wild and actually PAY them to be that way? If you’ve been raised with no dignity, self respect and have low self esteem you would be CRAZY to vote for someone that wants to put you to work! So don’t ever call the Demos stupid… we’re right on course… for destruction. For that is what they’ve wanted for decades. And it’s happening! People seem to think that Dictators only happen in other countries. WAKE UP PEOPLE!
busmastering
Posted on August 10, 2012 at 12:32pmRomney’s tax dollars hard at work :)
Report Post »termyt
Posted on August 10, 2012 at 12:47pmI‘ll bet Sessions hasn’t paid his taxes either.
Report Post »midwesthippie
Posted on August 10, 2012 at 12:54pm…relax…it’s only fiat money…progressive republicans and democrats don’t care anyway…
Report Post »MNYukon
Posted on August 10, 2012 at 12:26pmHarry Reid isn‘t developing a budget is because he isn’t smart enough and doesn’t understand financial business and what it takes to balance a budget
Report Post »LVMerrily
Posted on August 10, 2012 at 1:16pmHarry had a tax problem in the 90‘s when he didn’t declare about $250,000 on a land deal in NV. I remember the hullabaloo and all the media coverage . . . but good luck trying to find an archived record today because it has all been scrubbed.
Report Post »jrcess
Posted on August 10, 2012 at 12:11pmHarry Reid is the most disgusting individual in Washington.
Report Post »JBaer
Posted on August 10, 2012 at 1:07pmRight next to Nancy Pelosi
Report Post »gperky
Posted on August 10, 2012 at 2:15pmBoth Nancy and Harry are a far second to Obama as disgusting! And what is really disgusting is the so called Americans that keep voting for them!
Report Post »Verceofreason
Posted on August 10, 2012 at 2:46pmANd the Romney will never sleep in the White House -so there ya go.
Report Post »KidCharlemagne
Posted on August 10, 2012 at 11:57amThis is somewhat misleading because nobody can stop Chairman Bernanke from buying all of the U.S. Treasury notes that he wants to (whenever he wants to).
Plus, whenever the Federal Reserve ‘allows’ the people the privilege of using their paper dollars, then they charge interest for that privilege.
If you want to drive down the debt, then stop Chairman Bernanke from counterfeiting more monopoly money that he subsequently uses to buy U.S. Treasuries with.
Report Post »Detroit paperboy
Posted on August 10, 2012 at 11:36amOnly democrats think you can borrow and spend your way out of debt………and I guess you can if it’s not your money…………they are collapsing the system they have always hated……..capitalism reveals laziness, socialism hides it……….
Report Post »txdave22
Posted on August 10, 2012 at 11:40amsupport for same-sex parents is growing steadily among Americans. A Pew Research Center survey conducted in July and released last week found for the first time that a majority of people surveyed — 52 percent — said that gay men and lesbians should be allowed to adopt children, up from 46 percent in 2008 and 38 percent in 1999.
The shift in public opinion and the simple question — Are you having children? — is nothing short of a marvel to some gay men, perhaps even more so than to lesbians, for whom giving birth has always been an option.
Greg Moore, 62, a retired corporate manager in Fort Lauderdale, Fla., shakes his head with wonder when he sees young male couples chattering about their toddlers. That possibility seemed hopelessly out of reach when he and his 74-year-old husband, who have been together for 44 years and married in 2008, dreamed of having children. “Gay people didn’t have kids,” he said wistfully. “Straight people had kids.”
Popular culture is helping rewrite that script. Gay men who have children, or are considering having children, are becoming increasingly visible on network television. In “Modern Family,” the nation’s most popular television show, the couple Mitchell and Cameron considered adopting a second child this past season. In “Scandal,” a new ABC series, a middle-aged White House staff member groused about his partner’s desire to adopt a baby from Ethiopia. And this fall, a new NBC sitcom called “The New No
Report Post »PAPPA_BEAR
Posted on August 10, 2012 at 11:49amAmen brother, Amen.
Report Post »Sirfoldallot
Posted on August 10, 2012 at 12:02pm4 some reason our republican leader r letting them get away with thid destruction + they r cryin
Report Post »QuincySmith
Posted on August 10, 2012 at 12:08pmTXdaveIQ22;
Do you read the articles?
Report Post »AvengerK
Posted on August 10, 2012 at 12:30pmummmm TAMPAXDAVE? Your silly cut and pastes..over and over make you look like an idiot.
Report Post »You look a bigger idiot when this is a board about the appalling handling of the economy and you’re posting un-sourced drivel about homosexual marriage instead. What part of “we don’t care” is too tough for you champ?
You’re creepy TAMPAX.
gac1218
Posted on August 10, 2012 at 1:25pm@ txdave
Report Post »If anyone even watches one minute of those shows, then he is partially responsible for its promotion. Wake up Christians and stand up. Tolerance is approval.
TRILO
Posted on August 10, 2012 at 11:34amSHUT UP REPUBLICANS!! For the past 3 years you have continued
to vote and pass continuing budget resolutions allowing for the spending
and continued budget growth. If the republicans had a set they would have
Shut the government down to force the democrats to produce a budget.
What are they planning on doing once they get back from “break”? Pass
Report Post »another 6 month continuing resolution. I am tired of the blame game.
mtsnj
Posted on August 10, 2012 at 11:56amThey all need to go. You can’t solve a problem with the same level of thinking that created it.
Report Post »Sirfoldallot
Posted on August 10, 2012 at 12:07pmr u 12yrs old ?
Report Post »QuincySmith
Posted on August 10, 2012 at 12:11pmTrilo;
When you have individuals more concerned about their (in this case) careers than the public good, you can expect this dreadful result. They remember the gov’t shutdown under slick willie – Headline to elected republicans: oblama is no clinton.
Report Post »Lord_Frostwind
Posted on August 10, 2012 at 12:33pmThey really need to stop listening to their “Strategists” who cower like abused dogs whenever the democrats come stomping. If the show down means the government shuts down, so be it, let them throw all their made up victims at you, the future of the nation is at stake!
Report Post »bitemebiden
Posted on August 10, 2012 at 12:36pmSo the Democrats are an out of control and undiciplined group? And it’s the Republicans responsibility to keep them under control? Blame game? Why can‘t the Dem’s show some intelligence on their own without Republican oversight?
Report Post »sumdumgy
Posted on August 10, 2012 at 1:31pmShhh, we are not supposed to know they are all on ths same team.
You would think with all the millions of people in this country we could find a few decent people to choose from. Why are we consistently forced to choose which turd in the punch bowl is the least repulsive?
Report Post »Bobj_1960
Posted on August 10, 2012 at 11:33amI have a serious question here.
If it is required by law that a budget must be submitted and passed and this has not been done, Who is responsible? What can be done? How do we enforce the law?
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 12:02pmLegally, congress is supposed to propose and vote on a budget and the POTUS signs it. However, the Budget Act of 1974 changed procedural statutes to provide for the POTUS to do initial submissions. Of course, all of Obummer’s get voted down 99-1.
Report Post »Steve28
Posted on August 10, 2012 at 11:31amWhere’s the budget Mr. President? I guess by never passing one you can just blame everyone but yourself.
Report Post »KeithOlberdink
Posted on August 10, 2012 at 12:08pmHe’s good at that.
Report Post »SREGN
Posted on August 10, 2012 at 11:30amDemocratic Party Platform: Transforming America into a third-world country.
Report Post »Landon410
Posted on August 10, 2012 at 11:55amwell…. it is “change”
Report Post »Verceofreason
Posted on August 10, 2012 at 11:26amYou don’t deal with the debt,
Report Post »when 23 million Americans are out of work. That is secondary.
Get your priorities straight.
The Republicans WASTED 43 MILLION dollars in the last debt fiasco.
You folks really need to hit ALL sites and media. Not just right wing site.
dtitus1304
Posted on August 10, 2012 at 11:32am43 million? Democrats wasted 500 million on Solyndra. Idiot
Report Post »godisgood61
Posted on August 10, 2012 at 11:38amWhy are 23 million people out of work and should we just ignore the debt and make it worse? This is going to affect our children more than us. If we can’t have a budget we are going to be destroyed. Its just like running a household. You should only spend what you have. We need to stop trying to make the government take care of everything and take care of things ourselves. This is OUR country. The government was made to help not to run the country. Something needs to be done.
Report Post »PAPPA_BEAR
Posted on August 10, 2012 at 11:41amReally? You need to lay off the crack pipe.
Report Post »ReaganBaby
Posted on August 10, 2012 at 11:43amThe debt is due to a large government with incredibly burdensome regulations on small businesses which directly affects Jobs. Businesses cant grow when tax threats are being thrown around and forced healthcare is being pushed down our throats- Its not the governments Job to create Jobs but rather allow a healthy environment to do so and when you spend 5 trillion dollars and impose you don’t have and put the bill on the backs of Americans you think Jobs are going to be created? The debt not only affects jobs but also national security.
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 11:45amYou can’t fix stupid.
People are out of work…what exactly does that have to do with my tax rate and budget deficit?
How catastrophically must Keynsianism fail before you fools get it?
We pumped 1T of monopoly money into the economy in 2009 and the Keynsian multiplier (money multiplier) was less than one. Congrats. So we spent all that money, the multiplier was below zero, debt exploded, unemployment rose, credit dried up, GDP went stagnant, and leading indicators still lag.
Your answer is to do more. Brilliant.
Report Post »Female
Posted on August 10, 2012 at 11:51amIn our home:
When we are out of work, all we worry about is our debts and our ability to pay them!
In our home:
When we discover we don’t have the same income, we don’t start charging things and create more debt!
In our home:
When we are suffering from decreased income, we CUT luxury items, vacations, parties, cable, trash service, new clothes, sports activities, putting money into 401ks, etc……
All our resources go into basic neccesities, and we start selling off whatever we can find to generate cash! We don’t rob from the rich or demand our neighbors pay their fair share of the bills we created.
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 12:10pmOoops, in my rant I said the Keynsian Multiplier was below 0. Should have said below 1. My bad.
Report Post »QuincySmith
Posted on August 10, 2012 at 12:13pmtreason;
Take your drivel and go pound sand!
Report Post »Lord_Frostwind
Posted on August 10, 2012 at 12:36pmThere’s going to be a lot more people out of work when the money becomes worthless. Then when the taxes and other mandatory austerity measures hit, there are going to be even more people out of work. 23 million out of work will look like the “good old days” by comparison.
Report Post »girlnurse
Posted on August 10, 2012 at 2:11pmVERCEOFREASON: I wont speak for the rest on here…but speaking to you: YOU need to open your eyes and get off the FALSE right/left paradeim!!!!! It is NOT the Repukes OR the dumbocrats!
Report Post »It IS the GUBMENT-NWO Progressives and socialist/communists and they come in BOTH parties and ALL colors! Wake up and smell the coffee…get out of the paradeim—STOP rooting for the home team….there is NO home team!
Verceofreason
Posted on August 10, 2012 at 2:45pmYe olde that‘s what you are but what am I ca ca doesn’t alter 43 mil down the crapper for a purelty political dog an pony show.
Report Post »It was not an investment – that went sour.
KEELHAULUM
Posted on August 10, 2012 at 11:24am“Of the people by the people and for the people,…” has perished from the earth.
Report Post »This is a crime and everyone of these treasonist bastards should be brought to justice.
Verceofreason
Posted on August 10, 2012 at 11:23amNow is not the time to worry about ‘The Debt”
Report Post »Republicans have been using that to make it harder for Obama to get ANYTHING done to help the economy.
Steve28
Posted on August 10, 2012 at 11:29amThey controlled the House and Senate for two years. The Senate is still controlled by the Dems. Obama’s lied that he would cut debt in half. He’s nothing but a liar, but go on continuing to beieve until we are dead broke.
Report Post »dtitus1304
Posted on August 10, 2012 at 11:32amMoron
Report Post »godisgood61
Posted on August 10, 2012 at 11:41amWell, Obama got his stimulus package passed. What good that did. Now this healthcare bill that passed is going to make things more horrible for us. What exactly is it that Obama has had pass that was good for our country? Pray tell.
Report Post »Female
Posted on August 10, 2012 at 11:54amOh yes, forgot the first step!
In our home,
When confronted with a drop of income, WE DRAFT A NEW BUDGET based on new INCOME by DECREASED SPENDING!
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 12:15pmY’all may have seen this, but this was done by national review in the wake of how Democrats wanted to burn it all down rather than cutting 39Billion dollars from the budget. Parenthetically, it should be noted how absolutely pathetic the Republicans are in submitting 39 Billion in cuts.
Why S&P Downgraded the US:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000
Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385
Would you lend money to that family?
Report Post »girlnurse
Posted on August 10, 2012 at 1:36pmHaha…like bailouts for big corps and “cash for clunkers”? That really helped us.
Report Post »The only way the GUBMENT can help us is to fire themselves and get the H*** out of the way!
Yeah Obamacare is “really” going to help the debt by creating a new gigantic new beurocracy and placing more OPPRESSION, taxes, rules and laws on the people! As far as health insurance goes…the ONLY thing affecting my health is this lying, thieving, Marxist, regime we have on the hill.
“LIVE FREE OR DIE” Haven’t you heard???? It’s NOT just a slogan any more!!!! It’s the way we are going to have to live our lives!!!!
I’d rather be sick as a dog in a free land than be healthy in Hitlers regime!
ReaganBaby
Posted on August 10, 2012 at 11:13amThis is so maddening!! I am so tired of these thieves steeling my money and then spitting in our faces and then act like its the republicans not letting them lead. I am so tired of the bloated government it is so depressing to see the libs in office and the MSM bash people for being successful and our commander in chief tell us we don’t build our own businesses all the while expect us to give them half of what we earn. How much more do they want from us?!! If they taxed us 100% it still wouldn’t be enough to eliminate the debt, when will they understand they are just too damn big?
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 11:12amThe falacy here is that if the Senate had passed a budget that these numbers would have been any better. Reid is playing political games because he doesn’t want his name on it. The GOP is playing political games by trying to spin a story that isn’t entirely true.
Remember, the GOP proposed 30B in cuts last year…30B, that’s it. Ridiculous. What’s worse is that the democrats nearly stroked out over it. This is a charade. They are playing stupid games because the problem is so huge that 99% of the people can’t comprehend what 15T in debt means let alone 200T in unfunded liabilities. Yet, we play games with 30B. The whole bunch of these crooks should be tried for theft and criminal negligence.
Report Post »hugecatfish
Posted on August 10, 2012 at 11:57amYou’re right. Most people simply can’t fathom how big our national debt – currently at $15.9 Trillion really is. Here’s how I try to blow their mind:
1. Our national debt is equivalent to borrowing $21.7 MILLION PER DAY — since the birth of Christ.
or
2. If we were able to pay $1 MILLION PER MINUTE on our debt, it would take just over 30 years to pay it off — assuming we never borrow another dime and do not owe any interest.
and here’s my favorite:
If we adopted the one of the GOP’s plan of reducing our budget by $100 Billion dollars over the next 10 years, then how long would it take to pay off the debt? Well, at that rate it would only take 1,590 YEARS to pay off the debt!
What does all of this mean? As long as Demorats and Repulicants are in charge — We Are Screwed!
Report Post »seeker9
Posted on August 10, 2012 at 11:08amHow is it that there is so little concern? Tax the rich won’t come close to covering all the debt. Is the plan to “abandon free markets in order to save” the country? I suppose wealth belongs only the ruling elite and the politically connected.
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 11:14amYou can tax the rich at 100% and it won’t balance the budget. There simply isn’t enough money to do so.
Report Post »forthepeople
Posted on August 10, 2012 at 11:25amSEEKER 9 : Quit watching CNN / MSNBC ? drinking the kool-aid and do some research for yourself .
Report Post »seeker9
Posted on August 10, 2012 at 11:44am@forthepeople
Report Post »I think you misunderstood my post. I was just pointing out that tax the rich will accomplish nothing, and question why the DemoMarxists (and some Repubs) have no concern about the debt.
By the way, I wouldn’t be caught dead watching cnn/msnbc other than to see what the propagandists are up to.
LVMerrily
Posted on August 10, 2012 at 1:21pmIn the old days wasn‘t there the threat of shutting down the government if a budget wasn’t passed? How come the only time that tool was used by BHO was to raise the debt ceiling? Am I missing something?
Report Post »LIBSALWAYSLIE
Posted on August 10, 2012 at 11:05amif there’s one thing the democrats do well, its nothing! Unfit is way too kind. Liberals are disgusting.
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 11:14amLiberals suck…but liberals aren’t all democrats.
Report Post »kalli
Posted on August 10, 2012 at 11:04amThe deceiver-in-chief aka corrupt lying thug, dingy harry, witch pelosi and the ilk that slobber at their feet all have failed to uphold the oaths of office they took to protect the Constitution and the American citizens. This is treason! Hello, Congress….is there anyone paying attention to this? Hello. Hello. Nothing but silence. Guess they all went home to look for new jobs since they won’t be needed after Nov. 6.
Report Post »Rothbardian_in_the_Cleve
Posted on August 10, 2012 at 11:17amIf we aren’t honest then this game is going to keep playing out. GWB and the 108th and 109th republican congresses spent way too much and expanded government and didn’t pass balanced budgets. They are like arsenic vs cyanide. Both will kill you but one is faster than the other. The fate is exactly the same.
Report Post »Anonymous T. Irrelevant
Posted on August 10, 2012 at 11:29amYeah, but t least THEY passed a budget.
Report Post »IMCHRISTIAN
Posted on August 10, 2012 at 11:01amEmbezzlement is against the law.
Report Post »forthepeople
Posted on August 10, 2012 at 11:24amSadly US voters are the only one that have to follow it ( the law ) !
Report Post »Sirfoldallot
Posted on August 10, 2012 at 10:56amProtect from foriegn & domestic. Economic destruction , ding ding ?
Report Post »EastTexas
Posted on August 10, 2012 at 11:30amHear! Hear!
Is it time yet?
Report Post »Gonzo
Posted on August 10, 2012 at 10:55amUnworthy to breathe if you ask me.
Report Post »Snowleopard {gallery of cat folks}
Posted on August 10, 2012 at 10:55amThe Obstructionist tactics of Reid and Obama are self evident; in having continuing resolutions instead of a budget, allows them to keep hounding and accusing the Republicans falsely, and to keep from having to commit on a vote to what they will stand for. It is all a portion of their plans to keep in power and to control the nation until we pass over the cliff.
Remember, the leadership of the Democratic party declared they would see the national economy collapse before they pass power over to the Republicans. Believe the threat – its called scorched earth.
Report Post »LVMerrily
Posted on August 10, 2012 at 1:24pmAmazing when the words of someone are ignored. Reminds me of our reaction to the Muslim Brotherhood and their radical leaders.
Report Post »Landon410
Posted on August 10, 2012 at 10:54amso depressing
Report Post »