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Obama’s Now Borrowed More Than All Presidents from Washington to W
CNSNews ^

Posted on 12/01/2012 3:37:15 AM PST by Sub-Driver

Edited 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 Obama’s 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 Obama’s 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 $5,696,206,400,691.90—the 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.)


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: debt; obama
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And gets reelected.........Unreal.
1 posted on 12/01/2012 3:37:20 AM PST by Sub-Driver
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To: Sub-Driver

Don’t blame me I voted for the White Boy. . . . .


2 posted on 12/01/2012 3:41:18 AM PST by DeaconRed (We couldn't beat the least qualified and absolute worst president ever. Our party is done for.)
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To: Sub-Driver

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.


3 posted on 12/01/2012 3:48:29 AM PST by veritas2002
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To: Sub-Driver
And gets reelected...

This addition to the debt was key to the re-election of President Barrrrrock Hussein Santa Claus ØBama.

4 posted on 12/01/2012 3:58:53 AM PST by C210N (In favor of private rights and public happiness)
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To: Sub-Driver

Cloward Piven, overwhelm the system into collapse
https://www.youtube.com/watch?v=ICVqY-2M1dY


5 posted on 12/01/2012 4:10:55 AM PST by ronnie raygun (bb)
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To: ronnie raygun

It’s working, and 53% of Americans voted for it.


6 posted on 12/01/2012 4:12:45 AM PST by Venturer
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To: Sub-Driver
Borrowed is such a polite word for STOLE!
7 posted on 12/01/2012 4:14:07 AM PST by rawcatslyentist ("Behold, I am against you, O arrogant one," Jeremiah 50:31)
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To: ronnie raygun

All part of the Marxist’s plan. When you hate the country you try to transform it.


8 posted on 12/01/2012 4:14:07 AM PST by BlueStateRightist (Think of how stupid the average person is, and realize half of them are stupider than that.)
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To: Sub-Driver

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 Bohner’s brain, Reid is pi$$ing
A beautiful sight,
We’re happy tonight.
Walking in Obama’s 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 Obama’s wonderland.

In the meadow we can build Rice’s snowman,
Then pretend that she is Secretary State

She’ll say: Are you married?
We’ll say: No man,
But you can do the job
If thats your fate.

Later on, we’ll conspire,
As we dream by Reichstag fire
To face unafraid,
The treason we’ve made,
Walking in Obama’s wonderland.

In the meadow we can build a snowman,
And pretend that he’s Obama’s clown
We’ll have lots of fun with mister snowman,
Until the Constitution knocks Obama down.

When in debt, ain’t it thrilling,
Though your wallet gets a chilling
We’ll frolic and play,in the fascist way,
Walking in Obama’s wonderland.


9 posted on 12/01/2012 4:15:19 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Sub-Driver
I prefer to point out that Obama has spent more money than any other Human in history and he has nothing to show for it.
10 posted on 12/01/2012 4:35:29 AM PST by Falcon4.0
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To: Sub-Driver

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.


11 posted on 12/01/2012 4:44:57 AM PST by Diogenesis (Vi veri veniversum vivus vici)
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To: Sub-Driver

Confusing wording.

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.


12 posted on 12/01/2012 4:54:00 AM PST by Sherman Logan
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To: Venturer

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.

LLS


13 posted on 12/01/2012 4:54:50 AM PST by LibLieSlayer (WOLVERINES!)
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To: Sub-Driver

Obama’s Now Borrowed More Than All Presidents from Washington to W


14 posted on 12/01/2012 4:57:25 AM PST by COBOL2Java (GOPe: Already prepping for their 2016 loss - Jeb Bush!)
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To: Sub-Driver

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.


15 posted on 12/01/2012 4:57:43 AM PST by weezel
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Comment #16 Removed by Moderator

To: Sub-Driver

No doubt he is reached 1/3 of his final goal.


17 posted on 12/01/2012 5:11:38 AM PST by Leep (Are you smarter than a 7th grade math student and or Barack 0bama?)
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To: Sherman Logan

Nope, you’re spot on.


18 posted on 12/01/2012 6:11:09 AM PST by EEGator
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To: EEGator

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.


19 posted on 12/01/2012 6:22:15 AM PST by Sherman Logan
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To: Sherman Logan

GWB failed us, but they will call for Jebbie to the rescue! Just watch those dumb Republican primary voters fall for Jebbie.


20 posted on 12/01/2012 6:26:22 AM PST by Theodore R. ("Hey, the American people must all be crazy out there!")
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To: Sub-Driver

“And gets reelected.........Unreal.”

Brought to you by:

Blacks

Honey Boo Boos (trailer trash)

Skanky Single White Females in their 20s and 30s and their gay hipster male friends

Illegal aliens

A coalition that shouldn’t be operating a car wash has done what no dictator could do to the U.S..


21 posted on 12/01/2012 6:31:57 AM PST by VanDeKoik
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To: LibLieSlayer
Only around a third of all Americans bothered to vote.

Not really.

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.

22 posted on 12/01/2012 6:35:35 AM PST by Sherman Logan
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To: Sub-Driver

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.


23 posted on 12/01/2012 6:51:35 AM PST by I want the USA back
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To: Sherman Logan
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.

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?

24 posted on 12/01/2012 6:52:14 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Sub-Driver
I still suspect that the key to controlling Obozo's power mania is the Borrowing Limit. Without that stash he is powerless, Let's face it, between them, the Democrats and the MSM have painted the GOP as the ultimate evil. What has the GOP got to lose?

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.

25 posted on 12/01/2012 6:52:38 AM PST by I am Richard Brandon
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To: Sherman Logan

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.


26 posted on 12/01/2012 7:07:33 AM PST by EEGator
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To: Sub-Driver

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......”


27 posted on 12/01/2012 7:10:02 AM PST by presently no screen name
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To: Sherman Logan

GWB had 9/11 on this watch.


28 posted on 12/01/2012 7:12:17 AM PST by presently no screen name
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To: Venturer

A guy doing this to America, STOLE the election, also. There is NO doubt in my mind.


29 posted on 12/01/2012 7:14:40 AM PST by presently no screen name
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To: VanDeKoik

All those managed to vote but the honest American stayed home - I’m not buying that.


30 posted on 12/01/2012 7:18:34 AM PST by presently no screen name
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To: EEGator
He’s far better than Obama, but that doesn’t say much.

And you nuts? You appear part of the 'Bush's Fault' crowd. Propaganda sure did it's job on you!

31 posted on 12/01/2012 7:25:40 AM PST by presently no screen name
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To: Sub-Driver

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.


32 posted on 12/01/2012 7:32:21 AM PST by ProtectOurFreedom
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To: Sub-Driver

!


33 posted on 12/01/2012 7:33:08 AM PST by skinkinthegrass (Anger a Conservative by telling a lie; Anger a Liberal by telling the truth....RWR 8-)
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To: VanDeKoik

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.


34 posted on 12/01/2012 7:36:27 AM PST by ProtectOurFreedom
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To: presently no screen name

What did I say that was incorrect?


35 posted on 12/01/2012 7:42:18 AM PST by EEGator
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To: Theodore R.; EEGator
I long for the big spending days of Bush


36 posted on 12/01/2012 7:48:54 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Falcon4.0
Obama has spent more money than any other Human in history and he has nothing to show for it.

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...

37 posted on 12/01/2012 7:48:54 AM PST by GOPJ (The economy is so bad MSNBC had to lay off 300 Obama spokesmen - Leno)
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To: csmusaret

Bush is better than Obama, nobody here is denying that.


38 posted on 12/01/2012 7:53:22 AM PST by EEGator
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To: presently no screen name
This is what Obama "inherited" from Bush


39 posted on 12/01/2012 7:55:20 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: csmusaret
Considering that then Senator Obama was among those who blocked GOP efforts to reign in FM&FM, it could be said that President Obama inherited the housing mess from Senator Obama.
40 posted on 12/01/2012 8:09:00 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Sub-Driver

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.


41 posted on 12/01/2012 8:17:46 AM PST by dowcaet
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To: EEGator

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!


42 posted on 12/01/2012 8:36:04 AM PST by presently no screen name
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To: csmusaret

Good work! Thanks.


43 posted on 12/01/2012 8:41:04 AM PST by presently no screen name
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To: presently no screen name

“I am not your mentor!”
Aren’t you the pompous ass.

“I’m exposing your ‘Bush’s fault’ mindset.”
You are a Bush apologist.

“FR isn’t your dumping ground!”
Hit the abuse button if you like.

P.S. Try decaf or lay off the morning cocktails.


44 posted on 12/01/2012 8:46:28 AM PST by EEGator
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To: Sub-Driver

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...


45 posted on 12/01/2012 9:56:05 AM PST by ace2u_in_MD (You missed something...)
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To: TwelveOfTwenty; presently no screen name

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.


46 posted on 12/01/2012 10:05:39 AM PST by mbj
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To: Sub-Driver

When the libs run out of money and can’t get any more, they’re going to lose control of everything.


47 posted on 12/01/2012 10:20:06 AM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: Sub-Driver
Democrats know exactly what the tax revenue inflow is, they just won't accommodate common sense budgeting. And they have no cares about the ill effect of paying back that debt.

Historical Amount of Revenue by Source
Receipts by Source: 1934-2017
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=203

Total Receipts (Millions of Dollars)

1999 $1,827,459
2000 $2,025,198
2001 $1,991,142
2002 $1,853,149
2003 $1,782,321
2004 $1,880,126
2005 $2,153,625
2006 $2,406,876
2007 $2,568,001
2008 $2,523,991
2009 $2,104,989
2010 $2,162,724
2011 $2,303,466
ESTIMATES
2012 $2,468,599

48 posted on 12/01/2012 10:35:34 AM PST by Son House (Romney Plan: Cap Spending At 20 Percent Of GDP.)
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To: Sub-Driver

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.


49 posted on 12/01/2012 11:13:17 AM PST by Monorprise
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To: Sub-Driver

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.


50 posted on 12/01/2012 12:00:10 PM PST by justa-hairyape
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