National Debt Is Growing $3 Million Per Minute, Has Increased $4.2 Trillion In Obama's First 945 Days
To provide perspective, it took 216 years, from 1776 until 1992, for the national debt to reach $1 trillion. Now we add $1 trillion every 8 months.
Swallow all liquids in your mouth before reading any further.
Updated numbers for the national debt are just out: It's now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS' amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn't been closed.
Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.
Same sum for the day Obama flew Air Force One nearly four hours roundtrip to Columbus, Ohio for a 10-minute speech about how well the stimulus was working in the politically crucial Buckeye state. Ohio's unemployment rate just jumped to 9% from 8.8% anyway.
Aug 28, 2011 at 1:20 PM
Reader Comments (5)
And the fact that he extended the Bush tax cuts?
I blame Bush, often in fact, but Obama deserves huge blame as well.
However what I am learning is that even the most simple minded people know there is something very wrong with all the spending on what may in the long run be the worst thing that ever happened to this country.
I mean it just simple. He got in office after saying "We are in a war we had no business being in the first place" to nothing but more wars that seemingly have some strange connection to the Banking???? Ya, I have to say I agree with you. One wants to fair but man o man things should have at least gotten a bit better. In the end how do you ague with numbers? Grammar can fall to opinion. Math does not and I guess that may be the very reason there is such secrecy about entire issue. That would be the President what he stands for??? Banking and what's really going on??? Last wars out of.... ????
Even Ron Paul give President Obama credit where he feels credit is due. Thats fair. However people a lot smarter that perhaps all of us here parrot the same tune. He jacked the financial system up. To put in layman's terms.
We were "Suckkered" buy one of the biggest Jokers alive......Now were stuck with his Crap.....but not for long ?