Tea Party kicks Boehner in the teeth - again

[Riot]

Originally Posted by SOREHOOF

That is nearly 3 trillion owed to the treasury by the Govt. Yes they spent it on something else. There are many trillions of $$ of national debt that are excluded from the official count. It is actually a lot worse than 14+ trillion.

Yes. But none of the above has anything to do with the debt ceiling. The debt ceiling is just cash flow to pay bills we already owe. It has nothing to do with calculating future spending, or in how big the deficit can become. The GOP already increased the deficit 800 billion this congress, earlier in the year. There will be 2 additional debt raises just for that in the future (calculated, based upon interest accumulated, etc)

National Debt $14 trillion

3.6 trillion - Social Security trust fund owed

4.0 trillion - Bush, W. policies (unfunded wars, unfunded Rx givaway)
3.0 trillion - Bush, W. unfunded tax cuts

2.0 trillion - taxes (income) lost due to recession and housing bust
1.4 trillion - Obama policies