Doesn't surprise me much. Anyway.. it is just $70 million. Compared to the massive increase in federal debt added during his term, this amount appears to be minuscule. When Obama became the POTUS in 2008, the federal debt was measured at $10,626 billion. Right now, the federal debt stands at $19,000 billion. Obama has managed top increase the federal debt by as much as 85%!!!!
BC has it right once again but the appropriate title here is that Obama is spending $70 mill again on his vacation; nice and thoughtful guy for his dwindling middle class and the poor. OB is flaunting at this point and saying go "f yourself" to the rest of those that are losing out in a large way when this gov is spending into oblivion.
The important thing about the national debt is, its increase is required!
Why is it required? To get the money necessary to make payments on previous debt.
The whole debt money system may have never been intended to be something that would go on this long. When the Federal Reserve Bank was started, the idea may have been that something else would be figured out in the future.
At this stage of the game, if somebody doesn't borrow more money from the FED, there is nowhere else to get enough money to make the payments on the so-called national debt. If payments stop, or are not sufficient, the banking system might start to foreclose on America. If that happens, the U.S. Government might have to shut the FED down for its own protection. If that happens, the money system of the world will be all messed up, and who knows what the result would be. If the borrowing goes on, the debt is increased.
Over the years, more and more countries have been brought under the thumb of the FED banking scam via the International Monetary Fund. This is necessary because the amounts of money borrowed by the U.S. government are limited to the amounts of potential income taxes that will be paid. If taxes stopped suddenly, the U.S. government could borrow no more money, and wouldn't have enough money to make payments. The debt payments of other countries make up for the present shortfall in the repayment.
We (the world) need more wars, because wars give us a reason to borrow more money, which winds up as part of the payments made to the banking system. We need more disease for the same reason (so that the medical can borrow), but we have to limit the disease to just the right amount, because if too many people die, there won't be enough to pay the income taxes in the various countries, more loans won't be able to be given, the payments won't be made, and the banks will foreclose.
Of course, when the time comes, this debt system will fail. It is, as you can see, all fake anyway.
Let's hope that Bitcoin is ready to step in and keep up the trading among people, both nationally and worldwide. Of course, Bitcoin may have been designed as the next alternative method for raping the people somehow, for a time when the banks fail. Does anyone have an idea how Bitcoin could be used like this?
