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Obama on Pace to Borrow $6.2T in One Term
CNSnews ^ | January 13, 2012 | Terence P. Jeffrey

Posted on 01/14/2012 11:06:25 AM PST by opentalk

President Barack Obama has been increasing the national debt during his presidency by an average of $4.24 billion per day ($4,240,506,004.34) putting him on a pace to increase the national debt by $6.2 trillion ($6,195,379,272,340.74) by the end of his term on Jan. 20, 2013, according to the debt figures published by the U.S. Treasury.

That $6.2 trillion is more debt than was accumulated by all U.S. presidents from George Washington through Bill Clinton combined.

In fact, the U.S. national debt did not eclipse the $6.195 trillion level—the amount Obama is on pace to increase it in one term—until August 19, 2002, during President George W. Bush’s second year of office.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events
KEYWORDS: congress; destroyuseconomy; obama; obamadebt; treason; usdebt

1 posted on 01/14/2012 11:06:26 AM PST by opentalk
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To: opentalk

The Democrats hated Bush for all the damage he did to the economy with his massive deficits. In 2007 alone, I believe, Bush’s deficit tipped the scales at $160B.


2 posted on 01/14/2012 11:13:24 AM PST by ClearCase_guy (Nothing will change until after the war.)
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To: opentalk

This is spending at a level of High Treason.


3 posted on 01/14/2012 11:18:38 AM PST by Psycho_Bunny
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To: Psycho_Bunny

Yes, and the RATS in congress are giving obamma a pass!


4 posted on 01/14/2012 11:21:54 AM PST by rawhide
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To: Psycho_Bunny

In a just world, this a$$hole would be led out of the White House in handcuffs by U.S. Marshals.


5 posted on 01/14/2012 11:29:30 AM PST by 2111USMC (Not a hard man to track. Leaves dead men wherever he goes.)
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To: Nachum

ping


6 posted on 01/14/2012 11:31:12 AM PST by Jet Jaguar (Romney=Gun Grabber)
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To: opentalk
From recent weekly address: link

…Let me be clear: I will only use this authority for reforms that result in more efficiency, better service, and a leaner government

7 posted on 01/14/2012 11:47:04 AM PST by opentalk
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To: opentalk

Treasonous Trillionaire.


8 posted on 01/14/2012 12:05:41 PM PST by Jane Long (Soli Deo Gloria!)
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To: opentalk

Yes, it passes the test of “high crimes and misdemeanors” in my book. This is an existential threat to the Republic.

BUT WHERE is the money going? Nobody ever answers this question.


9 posted on 01/14/2012 12:48:42 PM PST by ProtectOurFreedom
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Click The Pic

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

~ Senator Barack H. Obama, March 2006


10 posted on 01/14/2012 12:49:07 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: opentalk

Obama on Pace to Borrow $6.2T in One Term

And most of it has just been given away.....


11 posted on 01/14/2012 1:22:48 PM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: bamahead; rabscuttle385

Tge best case that can be made for Libertarian principles is Barack Obama’s record. He’s proof that they were right all along.


12 posted on 01/14/2012 5:23:59 PM PST by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
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To: ProtectOurFreedom

BUT WHERE is the money going? Nobody ever answers this question.

Re-election.


13 posted on 01/14/2012 5:31:21 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: tet68

Obama is like the tout that leads you to a loan shark,
a kind of remora, he lives on the VIG.

Remember, OBAMA isn’t borrowing this.

YOU ARE!


14 posted on 01/14/2012 5:33:36 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

Thanks for the heads up Jet Jaguar

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


15 posted on 01/14/2012 6:46:01 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: rawhide
Yes, and the RATS in congress are giving obamma a pass!

So are the Republicans.

16 posted on 01/14/2012 6:56:31 PM PST by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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To: 2111USMC; Berlin_Freeper; Hotlanta Mike; Silentgypsy; repubmom; HANG THE EXPENSE; Nepeta; ...
Image and video hosting by TinyPic

0hbummer on Pace to Borrow $6.2T in One Term

. . . . Article, - then see graphic at # 11.

.

17 posted on 01/14/2012 8:53:34 PM PST by LucyT ( NB. ~ Pakistan was NOT on the U.S. State Department's "no travel" list in 1981. ~)
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To: tet68
BUT WHERE is the money going? Nobody ever answers this question.

Aside from numbered accounts in faraway places, enough to buy 51% of a Congress and a few judges, and miscellaneous baksheesh and walkin' around money, Oh! and arming his private Cartel Army, who knows? Vacation pay?

18 posted on 01/14/2012 9:13:59 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Iron Munro

Thanks for the graphic with the pics of the two Georges, who look appropriately distressed about this grave situation.


19 posted on 01/14/2012 9:46:59 PM PST by thecodont
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To: LucyT
US debt visualized: Stacked in 100 dollar bills
20 posted on 01/14/2012 11:30:40 PM PST by GregNH (One Pissed Off Natural Born Citizen OPONBC)
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To: opentalk
Town Hall Meeting, 2008.

ELDERLY WOMAN: Now, this Obama, I think he's a terrorist.

MCCAIN: No, dear, he isn't a terrorist.

21 posted on 01/14/2012 11:54:39 PM PST by AnTiw1
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To: opentalk

Remeber George W Bush Drove us into a Ditch


22 posted on 01/15/2012 5:53:50 AM PST by ballplayer
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To: 2111USMC

Agreed.


23 posted on 01/15/2012 8:59:58 AM PST by Nowhere Man (General James Mattoon Scott, where are you when we need you? We need a regime change.)
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