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The Obama Debt Tracker - Obama doubles America's publicly held debt in just 5.2 years
The United States Department of the Treasury ^ | Monday, April 1, 2014 | The United States Department of the Treasury

Posted on 04/01/2014 3:22:05 PM PDT by jpl

I wish that this were just another bad April Fools' Day joke, but sadly, this story is all too real.

Since President Barack Hussein Obama was inaugurated into office a little over five years ago, Obama, Pelosi, and Reid have doubled America's publicly held debt, an increase of more than 6.3 trillion dollars:

Date                   Debt Held by the Public         Intragovernmental Holdings   Total Public Debt Outstanding

03/31/2014        6,307,310,739,681.66          4,319,566,309,231.42          10,626,877,048,913.08
8/19/2011          12,619,319,113,193.99        4,981,908,178,019.90          17,601,227,291,213.89

In this time period, total national debt has increased by nearly seven trillion dollars total, and as you can see, almost all of it is public debt, which is the worst kind.

This is an absolutely mind-blowing increase of roughly one trillion dollars every nine months, or approximately $3.7 billion each and every single day. Seven trillion dollars is approximately $22,000 for every single man, woman, and child in the United States.

And given that true economic recovery appears to be nowhere in sight and the federal reserve continues to endlessly monetize the debt and pump countless billions into the markets via quantitative easing, it is pretty much a certainly that the next trillion dollars of debt will be accumulated before we know it.


TOPICS: Front Page News; Miscellaneous; News/Current Events
KEYWORDS: bankrupt; bankruptcy; collapse; debt; mayormcspend; obama; obamanomics; spending
The lurch towards bankruptcy, currency devaluation, and national destruction continues apace. God help us all.
1 posted on 04/01/2014 3:22:06 PM PDT by jpl
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To: jpl
Dr Marc Faber: The Terminal Phase of a Credit and Asset Bubble
2 posted on 04/01/2014 3:26:34 PM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: jpl

Whoops, I made a mistake on the second date, it should be today’s date.


3 posted on 04/01/2014 3:28:48 PM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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To: jpl

I was confused...


4 posted on 04/01/2014 3:29:45 PM PDT by ButThreeLeftsDo (Support Free Republic!!!)
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To: jpl
Well come on he did say he wanted bring change to America, by the time he's done all we will have left is loose change.
5 posted on 04/01/2014 3:30:58 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: ButThreeLeftsDo

You are not alone...


6 posted on 04/01/2014 3:31:51 PM PDT by alice_in_bubbaland (When injustice becomes law, resistance becomes mandatory ... Thomas Jefferson)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

It appears that the dates are switched on those numbers, but anyway.


7 posted on 04/01/2014 3:33:05 PM PDT by SunkenCiv (Obama is now making Jimmy Carter look like Attila the Hun. /focus/news/3138768/posts)
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To: jpl

Well heck, what is a trillion here or there matter? We are so screwed now and in the hole so deep, we will never get out anyway. So just keep running it on up. It would take 20 generations to pay it off, but we know it ain’t gonna happen.


8 posted on 04/01/2014 3:33:40 PM PDT by RetiredArmy (MARANATHA, MARANATHA, Come quickly LORD Jesus!!! Father send thy Son!! Its Time!)
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To: jpl; Admin Moderator

Admin, can you help with editing the dates?


9 posted on 04/01/2014 3:42:16 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: jpl


10 posted on 04/01/2014 3:47:22 PM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
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To: jpl
Here's what you want:

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
01/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08
03/31/2014 12,619,319,113,193.99 4,981,908,178,019.90 17,601,227,291,213.89

Created with the HTML Table Generator

11 posted on 04/01/2014 4:03:13 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: jpl

“Obama doubles America’s publicly held debt in just 5.2 years”

No the RINOCRATS did that in just 5.2 years. Blame all around, including the lying, red-eyed, commie sack ‘o’ fodder squatting in the White Hut.


12 posted on 04/01/2014 4:17:33 PM PDT by Up Yours Marxists
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To: jpl

As much as I would like to blame Obama for this, the Congress has control of the purse strings. All overspending is the fault of our Congress, half of which has been controlled by spineless Republican’ts for the last 4 years.

Here comes all the but, but, buts...

Facts are inconvenient things to people with an agenda that is not bound to truth.


13 posted on 04/01/2014 4:21:17 PM PDT by EricT. (ARBEIT MACHT FREI- now get back to work you taxpaying peasant!)
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To: jpl

I’m not paying it.
I’m already adjusting my lifestyle lower as indicated by these facts.


14 posted on 04/01/2014 5:09:24 PM PDT by griswold3 ("Pray for Obama. Psalm 109:8".)
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To: griswold3

Sound strategy with some prep.


15 posted on 04/01/2014 5:17:26 PM PDT by Boardwalk
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To: jpl

Not giving the democrats an out, but “we” elected a republican house that took over in Jan 2011 to stop this. They didn’t do it. So they equally share the responsibility. They should have the balls to really shut down the government. And that means Harry Reid and Nancy Pelosi and obama’s salary and perks. Close the damned white house. Turn out the lights in the house and go home.


16 posted on 04/01/2014 5:41:18 PM PDT by VerySadAmerican
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To: EricT.

See my post #16.


17 posted on 04/01/2014 5:42:23 PM PDT by VerySadAmerican
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To: VerySadAmerican

No.

This is about doubling the debt. Democrats have.


18 posted on 04/01/2014 5:49:50 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
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To: VerySadAmerican; EricT.
I totally agree with both of you that the spineless republican "leadership" hasn't done nearly enough to fight Obama.

But the democrats had full control of everything for the first couple of years when the enormous stimulus bill was passed, and the TEA Party made an honest effort to get things under control and were stabbed in the back by the leadership. And the president is the guy who sets the agenda, for better or for worse.

19 posted on 04/02/2014 9:14:52 AM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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To: jpl

But, but, but.

Both parties suck. Both parties spend too much and are keen to strip us of our liberties.

A pox on them all.


20 posted on 04/03/2014 6:47:14 AM PDT by EricT. (ARBEIT MACHT FREI- now get back to work you taxpaying peasant!)
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To: EricT.
Do me a favor and please relax with the "but, but, but" line.

I'm no republican waterboy. I've had others on this site imply that I'm a Nazi because I was being too critical of John Boehner back when he became Speaker of the House three years ago.

21 posted on 04/03/2014 2:51:10 PM PDT by jpl (The government spent another half a million bucks in the time it just took you to read this tagline.)
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