Skip to comments.Obama’s Now Borrowed More Than All Presidents from Washington to W
Posted on 12/01/2012 3:37:15 AM PST by Sub-DriverEdited on 12/02/2012 5:02:28 PM PST by Admin Moderator. [history]
CNSNews.com) - The federal government has now borrowed more money during Barack Obamas time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.
At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.
That means the debt has increased $5,696,206,400,691.90 during Obamas presidency.
On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90the amount it has increased in less than one full term of Obama.
(Between late 1999 and the middle of 2001, as federal revenues sometimes exceeded expenditures, the debt fluctuated back and forth over the $5.696 trillion mark--only to finally pass that threshold, without retrenching, between July 2 and 3, 2001.)
Don’t blame me I voted for the White Boy. . . . .
Just print money to pay for it all. Isn’t that where the money to pay our bills comes from...the printing press?
In fact, it’s such a grand idea, the government should save itself the trouble and just give each of us our own individual printing presses to do what seems like a great idea.
This addition to the debt was key to the re-election of President Barrrrrock Hussein Santa Claus ØBama.
Cloward Piven, overwhelm the system into collapse
It’s working, and 53% of Americans voted for it.
All part of the Marxist’s plan. When you hate the country you try to transform it.
And gets reelected.........Unreal.>>>>>>>>>>>
Try this: ( sung to the tune of walkin in a winter wonderland)
Walkin in a Winter Wonderland.
Leftists sing, are you listening,
In Bohners brain, Reid is pi$$ing
A beautiful sight,
Were happy tonight.
Walking in Obamas wonderland.
Gone away is the budget,
All we can do, is try to nudge it
Obama sings a love song,
As we go along,
Walking in Obamas wonderland.
In the meadow we can build Rices snowman,
Then pretend that she is Secretary State
Shell say: Are you married?
Well say: No man,
But you can do the job
If thats your fate.
Later on, well conspire,
As we dream by Reichstag fire
To face unafraid,
The treason weve made,
Walking in Obamas wonderland.
In the meadow we can build a snowman,
And pretend that hes Obamas clown
Well have lots of fun with mister snowman,
Until the Constitution knocks Obama down.
When in debt, aint it thrilling,
Though your wallet gets a chilling
Well frolic and play,in the fascist way,
Walking in Obamas wonderland.
It has been stolen against the US Constitution
BUT The Congress assented to the treason, over and over.
They were given money and special deals.
They were given relief from DEATH PANELS.
And they love the Communist and al Qaeda for it.
As I understand it, GWB doubled the debt in eight years, and BHO increased it in his first term by as much as GWB did in both terms.
Rather relevant facts that don’t make GWB look very good, even in comparison with BHO.
Unless, again, I’m misunderstanding something.
Only around a third of all Americans bothered to vote... so 53% of those that voted... voted for disaster with big ears and a brimstone heart.
Ordinarily I would say NO, he hasnt, the prez does not have the power to spend money, that is in the powers granted to congress BUT.....................Since they have not passed a budget in what? 3 years now? I guess that only leaves the prez.
No doubt he is reached 1/3 of his final goal.
Nope, you’re spot on.
In partial defense of GWB, I believe a very large chunk of the debt he added was the bipartisan “stimulus” package that would keep us out of a severe recession.
Obama’s and the Democrats’ only criticism of that bill was that it wasn’t big enough.
Its falling under GWB’s responsibility is more a function of the calendar than G’s spending/borrowing proclivities.
BTW, who writes this crap? I puzzled over it for five minutes trying to figure out who had borrowed what.
GWB failed us, but they will call for Jebbie to the rescue! Just watch those dumb Republican primary voters fall for Jebbie.
“And gets reelected.........Unreal.”
Brought to you by:
Honey Boo Boos (trailer trash)
Skanky Single White Females in their 20s and 30s and their gay hipster male friends
A coalition that shouldn’t be operating a car wash has done what no dictator could do to the U.S..
US population: 314M. Eligible voters: 207M.
Number who voted: 125M. That number may go up a little as states certify the vote totals.
125M is 40% of 314M, but 61% of 207M.
Number of registered voters is considerably lower than 207M, but I couldn't find a number.
Stats were acquired from several sources, and may not all apply to the same year, but are likely to not be too far off.
Polls over the last decade have routinely shown that those who are eligible but don't bother to register or vote usually favor the Democrat by more than 2:1 over the Republican.
Comparing a dollar amount in one year with a dollar amount in another year is an invalid comparison. Dollars have to be adjusted for loss of value from one year to another, or the comparison is meaningless.
Bush's debt was largely a result of 9-11, of which this failure to act may have played a large part.
In spite of that, in January 2007 which was the last time we had a GOP President and Congress, the deficit was about 165 billion and shrinking. That was when the Dem controlled Congress replaced the GOP controlled Congress. How have things gone since?
Just stop the borrowing and freeze Obozo in his tracks. What will be the reaction of his supporters be when Santa's bag of goodies turns out to be empty? Ayn Rand had it right all along - just call their bluff.
I don’t hate GWB, but he is certainly no conservative. He’s far better than Obama, but that doesn’t say much.
As an aside, I think amnesty will get passed and here comes our bilingual nominee Jeb.
Who has been elected to watch the store? Let’s call for the GOP’s impeachment for dereliction of duties.
“The thief has come to Kill/ROB/Destroy......”
GWB had 9/11 on this watch.
A guy doing this to America, STOLE the election, also. There is NO doubt in my mind.
All those managed to vote but the honest American stayed home - I’m not buying that.
And you nuts? You appear part of the 'Bush's Fault' crowd. Propaganda sure did it's job on you!
And what, exactly, do we have to show for it?
NOTHING...except a permanent underclass addicted to their government “entitlements” which will always vote “D” to keep the goodies flowing and the “D”s in power. That our “leaders” would intentionally bankrupt and ruin our nation is the worst moral failing in world history.
There can be no other explanation but this is Obama’s design and plan. He wants his legacy to be the destruction of America.
Don’t forget to add Unions, Teachers (K - grad school), Lawyers and women who demand the right to wantonly destroy another 50 million innocent babies to your list.
What did I say that was incorrect?
Maybe someone can 'do the math' and explain how much money - if equally divided that would be for each 'family of four' in the United States ... Cash from the last 4 years of spending - divided...
Bush is better than Obama, nobody here is denying that.
How many generations of Americans will it take to pay for this economic disaster? We ought to be ashamed of ourselves for destroying our great country. Too many of our citizens don’t know what it takes to be a success in this country anymore.
I am not your mentor! I’m exposing your ‘Bush’s fault’ mindset. Now where did you get that trash? Garbage in, garbage out. FR isn’t your dumping ground!
Good work! Thanks.
“I am not your mentor!”
Aren’t you the pompous ass.
“Im exposing your Bushs fault mindset.”
You are a Bush apologist.
“FR isnt your dumping ground!”
Hit the abuse button if you like.
P.S. Try decaf or lay off the morning cocktails.
Well, I have borrowed more for my house than all of my ancestors borrowed for theirs combined...
And I owe twice what I earn for my mortgage.
Just throwing out numbers without context does not help the debate...
I’m glad to see a few people willing to set the record straight and stand up for a decent man who served his country honorably.
When the libs run out of money and can’t get any more, they’re going to lose control of everything.
Historical Amount of Revenue by Source
Receipts by Source: 1934-2017
Total Receipts (Millions of Dollars)
Just wait until it passes all previous presents, then the democrats will simply point out that Bush past all previous presents as well. As if the numbers required matter not.
To be frank, i look forward to the day when we have the means to disown the Federal debt and screw the foolish investors that fund this tyrannical expansion of Washington’s power.
That day will come one way or anther, if you ask me it cannot come soon enough, nor bluntly enough. When folks stop lending Washington money Washington has no choice but to live off the backs of the very people who foolishly subsist upon it.
Obama is not just stealing money from all Americans via future debt obligations, he is also stealing money from every person on this planet. That will occur as this criminal US Administration ramps up the printing press and tries to inflate away its past debt with near worthless future dollars. They will be intentionally causing the collapse of the Worlds Reserve Currency. They are Global criminals committing crimes against the entire population of this planet. Every country on this planet will want DC destroyed, due to these crimes alone.