A Limerick on Thanksgiving Day leftovers: A 24 Billion dollar increase in Federal Debt.

A Limerick  on Thanksgiving Day leftovers: A 24 Billion dollar increase in Federal Debt.

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals $211.69 for each of the nation’s 114,916,000 households. (CNSNEWS)

In August 2011, the debt ceiling — the amount of money the federal government is allowed to borrow — was raised by $2.4 trillion, to $16.394 trillion. According to the National Debt Clock, as of Nov. 23, the total debt was nearing the limit, at $16.3 trillion. You also could think of it as about $51,000 per person in the US.

A decadent town on Potomac,

where cronyism fills up its stomach.

It is borrow and spend,

print more money to lend.

Our government has run amok.

The National debt. Can it be blamed on George W. Bush? Nancy Pelosi anyone?

“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Nancy Pelosi said in her inaugural address from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

How well did she do, and is all of this the fault of George W. Bush?

Let us look at the numbers.

When Bush was sworn in on January 20, 2001, the national debt was $5,727,776,738,304.64. Dennis Hastert was the speaker of the house.

When Pelosi was sworn in on January 4, 2007, the national debt was $8,670,596,242,973.04.

When Bush left office on January 20, 2009, the national debt was $10,626,877,048,913.08.

When Pelosi left office on January 24, 2011, the national debt was $14,014,049,043,294.41.

The estimated  National debt Feb 12, 2012 is $15,368,215,367,669.46.

The average debt added per day during Bush/Hastert 2175 days was $1.353 billion

The average debt added per day during Bush/Pelosi 741 days was $ 2.640 billion

The average debt added per day during Obama/Pelosi 714 days was $ 4.744 billion.

The average debt added per day during Obama/Boehner so far is about 3.52 billion.

In short: Republican President and Republican house is horrendous. Republican President and Democrat house is horrendous times two. Democrat President and Democrat house is horrendous times three and a half. Democrat President and Republican house has failed so far to make a dent in the increase. I am pinning my hope on Sarah Palin and the Tea Party. So far she has not entered the race. If there is a brokered convention anything can happen.

Sarah Palin vetoed over 500 million dollars of legislation during her term as Governor of Alaska in a time of revenue surplus. Even with that she enjoyed an approval rating of over 80%, earning her the title “The most popular Governor in America”.

A Titanic struggle, the iceberg of debt. A Limerick.

“We have the wind in our face because the American people have the wind in their faces,” David Axelrod told an audience of New Hampshire politicians and business leaders September 27. “So this is going to be a titanic struggle. But I firmly believe we’re on the right side of the struggle.”

A Titanic struggle in Obama’s way

The iceberg of debt, what more can I say.

The music is playing,

Decisions delaying.

 Please Run! Sarah, run to our aid, don’t delay.