Political Cartoons / Our Debt and Our Guns

John Boehner does not look Happy

 

The post-election negotiations on U.S. deficit reduction that began with a surge of optimism sputtered this week with Republicans expressing political indignation over President Obama’s opening offer to keep a $500 billion mix of tax hikes and federal spending cuts from kicking in next month should no deal be reached.

“There has been no substantial progress over the past two weeks,” House Speaker John Boehner said Thursday at a press conference, adding to his daily reports that portrayed the closed-door negotiations as languishing.
A day later, the Ohio congressman and the Republicans' chief negotiator with the White House simply acknowledged talks had reached a “stalemate.”

Read More: Fox News

Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household in Just 12 Months; Beats 2011

By: Terence P. Jeffrey

(CNSNews.com) - According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.
That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.
The total debt of the United States now equals approximately $136,690 per household.
In fiscal 2011, the debt increased by about $10,454 per household--$401 less than the $10,855 per household increase of 2012.

READ MORE: CNS News