members, click to sign in..

5,062 active users!!Bandwidth
TUESDAY
JUL 22, 2014
Home
NewsSITE
Events & Blogs
New Audio & Video
BroadcastersNew Stuff!
Local Church Finder
Webcast LIVE NOW!
Sermons by Bible
Sermons by Topic
Sermons by Speaker
Sermons by Date
Staff Picks
CommentsALL -3 min
Top Sermons
VideosPDFs
Daily Log
PhotosNew Stuff!
StoresNew Stuff!
Online Bible
Hymnal
Daily Reading
Our Services
Submit Sermon
Members Only

 
RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  7/22/2014
SATURDAY, OCT 19, 2013  |  12 comments  |  1 commentary
U.S. debt jumps a record $328 billion — tops $17 trillion for first time
U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.

The $328 billion increase shattered the previous high of $238 billion set two years ago.

The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling. ...


CLICK HERE to Read Entire Article
www.washingtontimes.com

|  FOCUS  |  Audio commentaries on this news item | more..
The National Debt • 280+
Trevor Hammack | Victory Baptist Church
Play! | RSS

Response to economic crisis?
|  START  |  Recommended sermons | more..
•  Biblical Economics • Pastor John MacArthur | 6/15/2010
•  Marx • Dr. R. C. Sproul | 2/21/2009
•  Is My Name Demas • Dr. Bob Jones III | 1/12/2007
•  The Rich Fool • Pastor John MacArthur | 4/23/2010

   07/19/14  |  Gov't Report: Taxes Will Go Up, Especially for the Poor • 6 comments
   07/04/14  |  Record Number of Americans Not in Labor Force in June • 10 comments
   06/26/14  |  Economy in freefall? • 3 comments
   05/31/14  |  Media outlets work overtime to spin bad economic data • 14 comments
   05/21/14  |  Russia, China Plan to Expand Payments in National Currencies • 2 comments
MORE RELATED ( ECONOMY ) NEWS | MORE..
   07/22/14  |  Christian Holocaust Underway in Iraq • 9 comments
   07/21/14  |  SermonAudio Tip: SermonAudio App v2.5.8 for Android Mobile... • 50 comments
   07/20/14  |  Christians Responsible for Most 'Hateful Internet Speech,' Says... • 61 comments
   07/19/14  |  Family Behind Hobby Lobby Has New Project: Bible Museum • 2 comments
   07/17/14  |  Passenger Jet Shot Down Over Ukraine • 24 comments
OTHER CHOICE NEWS | MORE..
   06/02/14  |  A Letter to SermonAudio From a Missionary to Haiti • 10 comments
   02/07/14  |  Bringing the Gospel of John to Every Home in Austin, TX • 31 comments
   01/07/14  |  SermonAudio Partners with RFC for the 2014 Family Conference at... • 1 comments
   01/01/14  |  Happy New Year from SermonAudio! • 29 comments
   12/10/13  |  SermonAudio Broadcaster Loses Historic Church Building To Fire • 3 comments
OTHER CHOICE NEWS | MORE..
   07/22/14  |  IRS to monitor churches for electioneering • 7 comments
   07/22/14  |  UPenn Professor: accreditation of religious schools a 'scandal' • 3 comments
   07/22/14  |  Fate of Presbyterian Church USA Effort to Redefine Marriage to... • 4 comments
   07/22/14  |  Perry to Deploy National Guard Troops to Mexican Border
   07/22/14  |  Christian Holocaust Underway in Iraq • 9 comments
OTHER RECENT NEWS | MORE..

COMMENTS | show all | add new  
    Sorting Order:  
· Page 1 ·  Found: 12 user comment(s)
News Item10/21/13 5:13 PM
Neil | Tucson  Find all comments by Neil
Kyle wrote:
You know the without federal debt a positive net savings rate is not possible, right? Do you know how our monetary system works?
I don't understand why you say that's impossible, so no, I suppose I don't understand how it works. Whose savings are you referring to?

My observation is simply that we have a cultural consensus that debt is a good thing, or at least tolerable, but I dissent. Am I mistaken here?

12

News Item10/21/13 4:32 PM
Kyle | Tucson  Find all comments by Kyle
You know the without federal debt a positive net savings rate is not possible, right? Do you know how our monetary system works?
11

News Item10/20/13 1:02 PM
Neil | Tucson  Find all comments by Neil
Debt is the American Way of Life, & it's What the People Want. This is clear in the public, commerical, & private spheres.

Recently we've been seen ads warning how terrible it would be if Congress revoked the tax deduction on mortgage interest, a relatively minor issue by comparison. Poor little Johnny would have no home to sleep in ! Unsurprisingly, these were sponsored by the real-estate lobby.

I wish I could hide from my foolish fellow Americans somehow, per. Prov. 22:3, so I'll not have to suffer from their stupidity.

10

News Item10/19/13 10:25 PM
Anne | The Wild West  Find all comments by Anne
Harry Leeson, T-bills, notes and bonds make up a percentage of debt, obviously. But total US debt also includes things like our now decrepid housing market (thanks Freddie and Fannie) and other personal debt, plus private corporation debt. Just our national debt totals are painfully misleading - they don't take into account Social Security and Medicare payments (just the trust funds only and those are rather easily manipulated) and some other government securities. It's actually far, far worse than the $17-whatever-trillion they mention in this article.

And, sadly, if the government finds something else to do with the money than pay off EE bonds, don't think for a second they love you that much!

9

News Item10/19/13 8:39 PM
Harry Leeson  Find all comments by Harry Leeson
Anne wrote:
According to the national debt clock, each taxpayer now owes over $134,000 to our illustrious government leaders!
penny wrote:
the great irony -- those who are wracking up the debt are the ones we owe the debt to?
No, the money is owed to those who hold US government bonds.

I have a significant amount of them, and they provide a nice steady income and well secured nest egg. Thanks.

8

News Item10/19/13 9:45 AM
penny  Find all comments by penny
the great irony -- those who are wracking up the debt are the ones we owe the debt to?
7

News Item10/19/13 8:41 AM
Will | Mississippi  Find all comments by Will
Of course we are going to fix the national debt. If we run the the number up high enough then surely those to whom we owe money will simply stop counting and forget right? And even computer systems can only count so high...
6

News Item10/19/13 8:19 AM
Mike | New York  Find all comments by Mike
John UK wrote:
I guess someone forgot how to budget. Mind you, as a peasant, I've only been debt-free since becoming a Christian, seeing things much more clearly. The policy is quite simple, if I ain't got the dosh, I don't spend it.
What? You mean you don't simply raise your debt ceiling, like fools in Washington do?
5

News Item10/19/13 8:07 AM
Anne | The Wild West  Find all comments by Anne
According to the national debt clock, each taxpayer now owes over $134,000 to our illustrious government leaders! Let me just start digging through my couch cushions, I am sure I can come up with something...
4

News Item10/19/13 6:52 AM
Christopher000 | Rhode Island  Find all comments by Christopher000
Thank you, Mr. Obama...for the systematic destruction of this nations economy, that is.
3

News Item10/19/13 3:39 AM
John UK | Wales  Find all comments by John UK
I guess someone forgot how to budget. Mind you, as a peasant, I've only been debt-free since becoming a Christian, seeing things much more clearly. The policy is quite simple, if I ain't got the dosh, I don't spend it.
2

News Item10/19/13 1:12 AM
GsTexas | Texas  Find all comments by GsTexas
The government can't even control the national debt, and now it controls our health care (despite no constitutional authority to do so). Not hard to see an abysmal failure on the horizon.
1
There are a total of 12 user comments displayed | add new comment |Subscribe to these comments
Last PostTotal
Mimicking Supermodels, Christian Girls Posting Seductive...
s c from oh: "i wish you well christopher and others. you may want to consider that..."
-1 min 23 
Failed Senate Bill Reveals Continuing Assault on Religious...
unprofitable servant from georgia: " jim lincoln .. thus costing the country and..."
-2 min 14 
Christians Responsible for Most 'Hateful Internet Speech,'...
s c from oh: "...better to please the lord than to please man. mr.hranek has a..."
-11 min 61 


Product: Spiritual People

Bill Parker
Living & Walking in the Spirit

Galatians 5:19-26
Sunday Service
13th Street Baptist Church
Play! | MP3 | RSS


Scott T. Brown
Ethiopia

Hope Baptist Church
Sunday Service
Play! | MP3

Jon Couch
Grumblers And Complainers

This Day Ministries
Radio Broadcast
Play! | MP3

Sponsor:
Paul Washer: "Most Useful Bible Study"

See what Paul Washer calls the most useful Bible study tool in hist­ory. Click here!
www.puritandownloads.com/pa..

Sermon:
Not An American God
E. A. Johnston






                   
If you fall, don't give up, get up! ... Anonymous

City: Austin, TX
Gospel of John
Cities | Local | Personal
MOBILE
iPhone + iPad New!
Church App New!
Android New!
Church App New!
Kindle + Nook New!
BlackBerry
Windows Mobile, Nokia
Chromecast TV New!
ROKU TV
Pebble Smartwatch New!
Kindle Reader


HELP
Knowledgebase
Broadcasters
Listeners
Q&A
Uploading Sermons
Uploading Videos
Webcasting
Tips & Tricks
YouTube Screencasts

FOLLOW
Weekly Newsletter
Staff Picks Feed
Site Notices New!
RSS | Twitter | Facebook
SERVICES | ALL
Local Church Finder | Info
MP3 Play & Download
Mobile Apps
Podcasting
Video Support
Live Webcasting
Transcription Service
HIFI Option
Business Cards
SOLO | MINI | Domains
Favorites
QR Codes
24x7 Radio Stream
INTEGRATION
Sermon Browser
HTML Codes
WordPress
Twitter
Facebook
Logos | e-Sword
SOAP API

BATCH
Transfer Agent
Protected Podcasts
Upload via Email
Auto-Upload Sermons
Auto-Blog Import
Picasa | FTP | Dropbox
ABOUT US
SermonAudio.com is the largest library of audio sermons from conservative churches and ministries worldwide. All broadcasters must adhere to the Articles of Faith.

Our Services | Testimonials
Broadcast With Us!
Support Us
Advertising | Local Ads
CONTACT
info@sermonaudio.com
Copyright © 2014 SermonAudio.com.