Wednesday, May 23, 2012

Fraud of $16 trillion in change

The Federal Reserve has doled out more than $16 trillion since Barack Obama was sworn in as the 44th and current president of the United States of America. This figure is 10 times higher than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on. The Federal Reserve was only authorized by Congress to use $1.487 trillion in federal tax dollars in bailouts. That means the the Federal Reserve embezzled another $14.5 trillion - under the leadership of Mr Obama. When Obama became president on January 20, 2009 the national debt was $10.2 trillion. Today the national debt is $15.3 trillion. In just 3 years Obama has added $5 trillion to the national debt. That is more than the $4.9 trillion that was added to the national debt during the entire eight-year presidency of George W. Bush. Obama has spent more money in 3 years than the combined total debt of 42 presidents and during those 42 presidencies the US fought and financed the War of Independence, the War of 1812, 2 World Wars, survived the Great Depression, fought and financed the Korean War, the Vietnam War, the Cold War and the Gulf War. It is time for an immediate change. The United States cannot afford another year of Obama.

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