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$16,015,769,788,215.80 ! $5.4 trillion added under Obama.
Weekly Standard ^
| Daniel Halper
Posted on 09/04/2012 5:32:17 PM PDT by SeekAndFind
The United States Treasury reports that the total public outstanding debt is: $16,015,769,788,215.80. This is the first time in American history debt has eclipsed the $16 trillion mark.
The debt has increased approximately $5.4 trillion since President Obama took office on January 20, 2009.
Here's a chart, from the Republican side of the Senate Budget Committee detailing the increase in national debt over the last dozen years:
"Federal debt at the end of the current fiscal year will stand at $16.2 trillion$6.2 trillion above where it was 4 years earlier," the Republican side of the Senate Budget Committee notes. "In the last 4 years, the debt increased by more than it did in the previous 17 years."
The committee warns that under President Obama's proposed budget, the debt will surge to $25.4 trillion in 2012. Here's a chart detailing the projected debt increase:
(Excerpt) Read more at weeklystandard.com ...
TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: debt; deficit
I saw a Democrat poster that stated that Obama has spent less than all of the modern presidents. How can that be?
posted on 09/04/2012 5:35:19 PM PDT
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
Comment #4 Removed by Moderator
Bankrupt, and soon the fun begins. If one can call such a thing fun. Thanks for nothing, zer0!
posted on 09/04/2012 5:39:46 PM PDT
(Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
No, I beg to differ, it is time to fire his a$$.
posted on 09/04/2012 5:41:44 PM PDT
(The Tea Party is the Party of the American People, Working and creating wealth in SPITE of OBAMA!)
Why not go back to the DEMOCRAT CONGRESS of January 2007? That’s when Barry had his first vote on raising the debt!
posted on 09/04/2012 5:41:47 PM PDT
(The truth will set you free ... and drive liberals Crazy!)
Simple, like all Democrats he was lying.
posted on 09/04/2012 5:44:25 PM PDT
(Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
I can’t remember who suggested it (Rush? Hannity?) but the best idea I have seen/heard is to eliminate the word “trillion” from the English language. I would go so far as to remove the word “billion” but we are too far down the road.
To help understnd what a single trillion dollars is, if yo uwere to spend a MILLION DOLLARS A DAY, going backwards, you would be at 3/4 of a trillion dollars when Christ was born. To hit ONE trillion dollars (again, a million $ a day), puts you at the battle of Thermopylae (of “300” fame).
16 trillion (again, at 1 million $ a day) puts us back to where cave drawings were the height of technology (43,000 years).
posted on 09/04/2012 5:47:26 PM PDT
(obozo could bring back literal slavery with chains and still he will get 97+% of the black vote)
It’s a load of you know what. He didn’t spend the least, he had the “lowest annual increase %” since Eisenhower.
Lies, damned lies, and statistics. You don’t take % to the bank, you take $.
posted on 09/04/2012 5:54:13 PM PDT
Contrast the annual national debt with the annual GNP. It gives a complete picture of where the private sector is going. Yeah, I know it’s doing “just fine”.
posted on 09/04/2012 5:56:00 PM PDT
It is also ignoring that his first year of spending was about 1/3 more than the last year of Bush, so it didn't go up THAT much from there. Just don't look at the $16T debt behind the curtain.
posted on 09/04/2012 5:57:23 PM PDT
(Give me freedom, not more government.)
The national debt doubled or more under Bush’s presidency. Am not defending Obama, but let’s be real...the debt has been a disaster for both presidents.
posted on 09/04/2012 6:18:35 PM PDT
To: Mean Maryjean
RE: The national debt doubled or more under Bushs presidency. Am not defending Obama, but lets be real...the debt has been a disaster for both presidents.
Let's put things in perspective.
US debt was below 65% of GDP but started to rise in 2006 and then balloon in 2008 and up.
Who is responsible for the purse strings according to the constitution? Who took over Congress and the Senate after 2006? Not saying that Bush is not to blame here but let's start with WHO originated the debt.
It took Obama a mere 4 years to achieve what it took Bush to achieve in 8 years. See here:
Also, see here regarding the yearly budget deficit:
The deficit was clearly SHRINKING to below $200 Billion in 2007. Who took over Congress that year and pushed up the deficit?
Again, Bush is not entirely without fault, but hey, Obama was Senator and Pelosi was Speaker and Reid was Senate Majority leader in 2007.
Thanks for the charts...all points well taken!
posted on 09/04/2012 6:55:30 PM PDT
Spread this amazing one around. This is really a great youtube:
Obamacare Summed Up in One Sentence
posted on 09/04/2012 7:02:45 PM PDT
(The LORD is Holy, separated from all sin, perfect, righteous, high and lifted up.)
..............Bush is not entirely without fault, ................
All these charts should be adjusted to reflect the fact that billions, upon billions of TARP “loans” show up as “Bush debt”, not Bush loans, during the fall of 2008.
Then as the banks/auto companies repaid billions of the loans in 2009, 2010, ZERO gets the credit for lowering the debt for the loan repayments.
How much??? Who knows, as the Fed will never own up to how many billions of cash was pumped out the door under TARP.
posted on 09/04/2012 8:01:15 PM PDT
(Loose Lips, Sink Ships)
Ive got 80 cents if you are good for the rest.
You're one of the fortunate ones left. If I were you, I'd keep quiet about having so much change left. The gubmit may rob you of the rest of it.
posted on 09/05/2012 6:21:24 AM PDT
(America: Once the land of the free. Still the home of the brave.)
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