Obama has no solutions for the increasing debt and here is proof.

The amount of money we make from what we produce and sell (our GDP) is around 15.4 trillion per year.  Our national debt is more than our GDP and on the rise,  as a faster rate than our increasing revenues.

We spend $112,000  per second.  This is a huge number.

A trillion dollars if measured in seconds on a clock would equal to more than 32,000 years, or so we are told.  And this is a huge number.  Together, we may have a financial circumstance that we cannot resolve,  considering the will of the people, those who are the takers in our community.   It is the takers who make up Occupy.  It is the takers who are tearing the place apart in Greece.  It is the takers in Wisconsin who run to another,  refusing to play by the rules.  And,  without the takers,  Obama does not have a prayer.

We spend $494 billion on interest
We spend $9.5 billion a week just in interest or $494 billion dollars a year.


A 3.5 trillion cut in spending is only $350 billion per year
When Paul Ryan or whoever, talks about cutting 3.5 trillion in spending,  he, is talking about a 10 year process or $350 billion per year.  Problem:  we spend $494 billion per year in interest (as we have noted above).

6 trillion is cuts gives us 100 billion in cuts
and pays the interest bill
A 6 trillion dollar cut - say it out loud, "Six trillion dollars cut" - in spending (per year)  will cover the cost of interest,  but falls 1,000 billion dollars short (per year) of balancing the budget at current expense levels.

Tax on the rich only covers 1/10 of what we owe per year
The tax on the rich the Dems keep talking about?  That is another $100 billion per year (a trillion dollars over 10 years).

Obviously,  spending cuts and taxing the so-called rich, does not begin to solve the problem and that is with a trillion dollar tax on the rich and a 6 trillion dollar cut in spending.

With that in mind,  how do we stop the downward spiral we are in?  There is only one path to that end:  we have to run a GDP of 5 or 6 percent for a decades or more,  and that will give us enough "extra" cash to slowly regain control of our financial future.

If this is all a little too confusing,  understand this:  the chart immediately above is a picture demonstrating the difference between the plans of the two men,  Ryan and Obama.

Pay me now or pay me latter.  


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