In Round Numbers (to keep it simple)

During Obama's tenure in the White House the federal government collected $20 trillion in taxes. Oughta be enough to pay for all our stuff, you say! Unh Unh! Not so fast pilgrim! Over the same period the government spent $29 trillion. Where did it find the extra $9 trillion? We weren't taxed to fund that additional expenditure because the proletariat would have stormed the barricades surrounding the White House if taxes went up that much, roughly 44%. How would you behave if every regular purchase . . . milk, bread, etc. . . . went up 44%? Torches and pitchforks would be part of every taxpayer's arsenal. What happened? Calm down. Easy answer. The federal debt went up by $9 trillion. It's the same method we all use when we spend more than we bring in, whatever "bring in" means. (see below) Your and my credit cards have limits. Not so the federal government when the trolls we elect get their heads together.

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