domingo, octubre 13, 2013

In Jan 2008, when the national debt was just over $9 trillion Barack Obama on debt in 2008. Obama says adding $4 trillion to debt is unpatriotic Fargo, ND July 3, 2008. . October 2013 > 16.8 Trillion






Publicado el 20/03/2013

In Jan 2008, when the national debt was just over $9 trillion from the previous 43 presidents and every citizen's share of this debt was over $30,000 each, Obama said that was an "irresponsible" and "unpatriotic" amount of red ink with which to be saddling future generations.

So now that the estimated population of the United States is 314,584,534 and the national debt under Barack Obama has now grown by almost $7 trillion bringing our total so far to $16.7 trillion: www.usdebtclock.org that means each citizen's share of this debt is now $53,119.27.

And the National Debt has continued to increase an average of $3.87 billion per day since January 2009! http://www.treasurydirect.gov/NP/BPDL...

I'm sure this must really outrage Barack Obama and even he must think it's "irresponsible" and "unpatriotic"



Obama Says: Our Out-of-Control Debt Is 'Sustainable' for the Next Decade... http://pjmedia.com/blog/obama-out-of-...


End of Fiscal Year Debt (in billions) GDP (in billions) Debt/GDP Ratio Event
2013 $16,738 Not Yet Released
2012 $16,066 $16,356 98%
2011 $14,790 $15,612 95% Obama Stimulus Act (ARRA) spent $120 billion.
2010 $13,562 $15,050 90% ARRA budgeted $400 billion.
2009 $11,910 $14,384 83% Economy contracted 8.9% in Q4 '08, 6.7% in Q1 '09. ARRA spent $241.9 billion. War on Terror cost $79 billion. Fed funds rate lowered to 0%.
2008 $10,025 $14,844 68% Economy contracted 3.7% in Q3 '08, 1.8% in Q1 '08. War on Terror cost $197.6 billion, Bank Bailout Bill cost $350 billion.



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Barack Obama on debt in 2008




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Obama says adding $4 trillion to debt is unpatriotic Fargo, ND July 3, 2008



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Barack Obama's Irresponsible & Unpatriotic $16.7 Trillion Debt

posted by PPAC @ 10/13/2013 02:02:00 a. m.   0 comments