Tag Archives: national debt

Obama Adds 6 trillion to national debt

Under President Barack Obama, the national debt has grown by more than $6 trillion, the largest increase under any president in U.S. history.

According to the Treasury Department, the national public debt now stands at $16,687,289,180,215.37.

On the first day of Obama’s first term, the debt was $10.626 trillion.

Under President George W. Bush, the debt grew $4.9 trillion in eight years.

Presently, the federal government is embroiled in a contentious debate over $85 billion in budget cuts, or 0.005% as a percentage of the national debt.

– See more at: http://www.breitbart.com/Big-Government/2013/03/02/National-Debt-Explodes-6-Trillion-Under-Obama#sthash.ToQnGBar.dpuf

Posted:  03.02.13 A. D. @ 10:25 p.m.

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CBO projects debt to soar under Obama to $21 trillion by 2022

The Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook.

The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs.

…..

“As a result, gross federal debt is projected to climb every year from 2012 to 2022, reaching $21.7 trillion in 2022—47 percent more than its total of $14.8 trillion at the end of 2011.”

These projections come under CBO’s so-called baseline scenario, which assumes that all provisions of current law go into effect – including the massive tax increases currently scheduled to take effect in 2013 when the Bush tax rates are set to expire.

http://cnsnews.com/news/article/cbo-obama-s-policies-increase-national-debt-47-percent-217-trillion-2022

http://www.usdebtclock.org/

https://bellalu0.wordpress.com/2012/01/18/national-debt-now-exceeds-gdp-debt-set-to-increase-another-1-2-trillion/

This is going to collapse and there’s no doubt about it.  It’s just a matter of when.  And every time somebody tries to address the problem, the democrats, led by obama, screech like crazy and insist on spending more and more.

Posted:  02.02.12 @ 5:34 a.m.

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National debt now exceeds GDP – debt ceiling set to increase another $1.2 trillion

National Debt exceeds GDP and there’s barely a blip about it.  The House is set to vote today on obama’s request to raise the debt ceiling yet another $1.2 trillion dollars.

National Debt:  $15,246,871,000,000 (Trillion!)

Gross Domestic Product:  $15,124,464,000,000 (Trillion!)

The total of the U.S. debt load is now $15.2 trillion, more than the annual value in goods and services of the country’s economy.

Although the specific figure is difficult to pinpoint, the benchmark was likely reached at some point in the last few days, USA Today first reported Monday. In layman’s terms, it means the world’s largest economy now collectively owes more than its entire annual output is worth.

http://www.cbc.ca/news/business/story/2012/01/09/us-gdp-debt.html

The House returns this week to a vote on a resolution to reject President Obama’s request to raise the national debt limit, now 15.24 trillion, by $1.2 trillion – the final element of a debt ceiling agreement that Congress approved on Aug. 1.

At first glance, Wednesday’s vote would seem to reopen the most toxic debate of this Congress, which took the nation to the brink of the first-ever default on the national debt last summer.

But, by design, Wednesday’s vote will be more theatrical than practical. Even if the House votes, as expected, to reject the president’s request, the measure still has to pass the Democrat-controlled Senate and avoid a presidential veto – both highly unlikely outcomes.

http://news.yahoo.com/house-reject-debt-limit-increase-why-doesnt-really-234615471.html

http://www.usdebtclock.org/

Posted:  01.18.12 @11:05 a.m.

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Democrats and their mouth, the media – major hypocrisy

Speaker Nancy Pelosi 01.04.07:

“After years of historic deficits, this new Congress will commit itself to a higher standard: pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

By my count in the four years after this statement, the debt has gone from $8 trillion to now almost $16 trillion.

I just read where this old woman is playing foolish and childish games on the House floor.  (The Hill)

An NBC analysis of unemployment under Bush follows:

At the beginning of his administration –  4.2% (Bureau of Labor Statistics, January 2001)

At the end of the Bush administration and the beginning of the obama administration – 6.7% (Bureau of Labor Statistics, November 2008)

The corrupt and biased media, NBC chief among them, made this analysis as an indictment of Bush, after eight years of solid harassment.  They now praise obama for an 8.5% unemployment rate, having been as high as 10% under obama.  These figures are said to be bogus and rigged and that unemployment is much higher.  I don’t know.  But just say they are accurate, this is nothing to brag about!!

During the Bush years, the president was blamed by the media for everything.  Under obama, the president is blamed for nothing.  And if a republican is elected president – I hope to God- we will see an immediate aboutface back to everything being the president’s fault, in their hateful, corrupt, and biased way.  We just have to stop listening to them and allowing them to shape public opinion by use of their propoganda and lies.  It is really much better not to even listen or watch the MFM (I saw MSM written this way somewhere and I don’t know what it means.  I can only guess.  I like it.  It looks good to me.  Hope it means what I think it does.)

Who needs Tokyo Rose.

Posted:  01.06.12 @6:26 p.m.

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