Flashback: With March 2006 Debt Ceiling Hike NBC, CBS Noted $30,000/person Price Tag of Debt
During the current debt ceiling debate, have the media told you what your personal share of the national debt would be after the ceiling is hiked?
Yeah. I didn't think so.
But when it was a midterm election year in which Democrats thrashed President George W. Bush and the GOP on overspending, it was a different story.
On March 16, 2006, Barack Obama was in his second year as a freshman senator and denounced the Bush administration's request for a debt ceiling increase. The debt ceiling increase passed the Senate on a 52-48 vote.
Later that night, according to the Nexis database, NBC's Brian Williams and CBS's Russ Mitchell briefly mentioned the vote on "Nightly News" and "Evening News," respectively.
Both anchors emphasized the $30,000 per capita cost of the national debt under the new limit:
BRIAN WILLIAMS: And one more note on all this from Capitol Hill in Washington tonight where the Senate agreed to let the federal government borrow another $781 billion, and the House then promptly passed $91 billion in new spending for the wars in Iraq and Afghanistan and for hurricane relief. The 52-to-48 vote in the Senate on that debt was along party lines, with three Republicans joining all the Democrats in opposing the bill that raised the ceiling on our national debt to nearly $9 trillion. That level, by the way, that level of debt, represents $30,000 for every man, woman and child in the United States.
[...]
RUSS MITCHELL, anchor: Here's something to think about, Congress today raised the borrowing limit on the government's well-worn credit card to get this $9 trillion. Paying off that amount of debt would take $30,000 from every man, woman and child in America, in case you were wondering you can make that check payable to the United States Treasury.
For the record, Senate Democrats and President Obama are hoping to raise the debt ceiling to about $16.7 trillion. The 2010 Census counted 308,745,538 Americans, so that comes out to approximately $54,100 in debt for every man, woman, and child in America.
- Ken Shepherd's blog
- Login to post comments
Comments
The Statist media is pure
Submitted by Diesel on Thu, 07/28/2011 - 6:30pm.
The Statist media is pure evil & must be abolished!
So raising the debt level is
Submitted by djaymick on Thu, 07/28/2011 - 8:25pm.
So raising the debt level is cost every man, woman and child $53,000.
Debt level per person
Submitted by Radical1979 on Thu, 07/28/2011 - 8:28pm.
And if only 50% of the population pays taxes, then it would be $106,000 per taxpayer.
We'll be a third world nation in no time between this debt and our inability to do business due to increasing regulations.
Actually
Submitted by FastEd on Thu, 07/28/2011 - 8:50pm.
since everything is being re-defined, we'd be a First World nation - First Major to Really Try to Spend it's Way Competitiveness.
"We the People . . " Hey, congress - I'm one of the people - start listening!
There is no sense in being stupid, if you can't prove it! - my dad V
This may seem a simple question
Submitted by FastEd on Thu, 07/28/2011 - 8:44pm.
but who should be asking - if we raise the debt ceiling, are we saying that we are allowing the spenders to spend even more??
If this is allowed again, when will it stop?
"We the People . . " Hey, congress - I'm one of the people - start listening!
There is no sense in being stupid, if you can't prove it! - my dad V
Here's a thought for the libs
Submitted by FastEd on Thu, 07/28/2011 - 8:47pm.
"Paying off that amount of debt would take $30,000 from every man, woman and child in America, in case you were wondering you can make that check payable to the United States Treasury."
How many in Hollywood or friends of the O-man will write those checks? Holding my breath to be like the blue stateists.
"We the People . . " Hey, congress - I'm one of the people - start listening!
There is no sense in being stupid, if you can't prove it! - my dad V
Hollywood libs and friends of O
Submitted by Radical1979 on Thu, 07/28/2011 - 8:57pm.
They work very hard to AVOID paying taxes. Re: Bon Jovi and Bruce Springsteen avoiding real estate taxes. Soros has kicked non-family members out of his hedge fund to avoid SEC investigations of his funds.
As is often said here, good for thee but not for me is the motto of the liberal elite.
What do you expect, honesty
Submitted by jessieH on Thu, 07/28/2011 - 9:02pm.
What do you expect, honesty from the media? LOL! They have become part of the government, which takes it's orders from the union leaders, which takes it's orders from Soros. Sometimes I feel like we are in a global game of Risk. And we are the pawns.
I'm going to have to stop coming here.
Submitted by Molecule on Thu, 07/28/2011 - 9:51pm.
It's too depressing to be reminded of how evil the media is in this country. And yes, I think this can be defined as evil considering how the press is SUPPOSED to act in a free society.
Don't go away
Submitted by bkeyser on Thu, 07/28/2011 - 9:54pm.
Yeah, it's depressing sometimes, but NewsBusters is getting more and more recognition. It's now frequently mentioned by Bret Baier and Sean Hannity, and Mr. Bozell appears often on several cable news stations. We need the voices, even if sometimes you just want to scream.
Americans are actually in hock for $331,168.41+ per each
Submitted by Dave. on Fri, 07/29/2011 - 8:33am.
...when you factor in all the unfunded mandate BS, off-the-books stuff, and everything else the government would prefer we ignore.
They can ignore it all they like, but that doesn't change the fact that we still owe in excess of $114.5 Trillion.
That is $114,500,000,000,000.
Source.
BTW: Iv'e seen some very credible estimates that it is actually much higher than even that.
Scared yet?
-Dave
Vote for the American in November