Debt Under Obama Up $8,000,000,000,000

Rate this post

Remember, raising the debt is unpatriotic!
obama turkey
The day before Thanksgiving, CNS News reported this wonderful story:
“The debt of the federal government has now increased by more than $8,000,000,000,000 during the time President Barack Obama has been in office, according to the official debt numbers published by the U.S. Treasury.
The total federal debt, which was $18,722,746,583,118.03 at the close of business on Monday, now equals about $159,007 per household. It has increased approximately $68,756 per household during Obama’s presidency.”
Try not to choke on these numbers with  your mashed potatoes and gravy:
“…when Obama was inaugurated, the total debt of the federal government was $10,626,877,048,913.08. On Nov. 23, 2015, it was $18,722,746,583,118.03 Thus, so far in Obama’s presidency, the federal debt has increased $8,095,869,534,204.95.”

Please follow and like us:

0 responses to “Debt Under Obama Up $8,000,000,000,000

  1. Most Liberals were “D” students in Math…

  2. And nobody seems to care. This country is in serious denial.

  3. The Federal debt is the fault of every president and congress since the passage of the Federal Reserve Act in 1913.
    What causes the debt is government borrowing from private banks at interest. The debt can never be repaid without crashing the economy, as more is always owed than is lent. Compound Interest increases exponentially while economic growth is arithmetic by comparison. Perpetual Debt and defaults are thus intended results and guarantee that private banks control our Government.
    The solution, which neither bank owned party advocates, is not to raise taxes or borrow from private banks but to have the treasury exercise its constitutional right to print money and credit interest free. …
    The mortal sin of Usury was outlawed for the first 1500 years of Christendom, and it brought prosperity to everyone. It can happen again if only people realize that money is just a medium of exchange of our labor.

    • “There are two ways to conquer and enslave a nation. The first is by the sword. The second is by debt.” -John Adams
      Obama is the debt leader of politics. He set the single-term record for debt, breaking the $1 trillion mark every year in office. In April 2012 he hit the $5 trillion mark, an all-time record for debt racked up during a single presidential term. Under Obama’s administration the national debt increased by 50% and our debt per person is 35% higher than that of Greece. We’ve created more debt as a nation in the last six years than in all of the years from our country’s founding through the year 2008 combined.
      If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After Jan 3, 2007, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. In fact, he signed the Omnibus spending bill in 2009 as President that he voted for when he was in Congress. If Obama inherited anything, he inherited it from himself. Long story short, what Obama is saying is “I inherited a deficit that I voted for, and then I expanded it to the levels you see today.’
      The government’s Social Security liability is as big as the national debt: $18 trillion and counting. Its prescription drug liability is $22 trillion. Then there’s the Medicare liability of $86 trillion. Total unfunded liabilities of the U.S. government are $125 trillion.
      ‘The net liability of the U.S. government, shared among its citizens [in addition to any personal debt they already have], amounts to almost $1.1 million a head. And the government’s debt is growing at $1 million every 45 seconds. To cover its annual deficit, it is printing $1 trillion a year of currency that is not backed by any asset whatsoever.’ -Lord Christopher Monckton, financial advisor to former British prime minister Margaret Thatcher

  4. But haven’t they had the debt clock frozen for several months now?
    Just like the unemployment figures, all contrived.

  5. In “Apocalypse Now,” Captain Kurtz asks Col. Willard, “Are you an assassin?” Willard responds, “I’m a soldier, sir.”
    Kurtz comes back, “You’re neither! You’re an errand boy sent by grocery clerks to collect the bill!”
    The Rothschild money cabal are the grocery clerks. Cloward & Piven spelled out the way to make that bill unpayable. Dr. Ted Broer is correct in identifying the ideology of these Elites: They are Sabbatean-Frankists. And the world is run on their (satanic) magic.
    Barack Obama is the errand boy the Rothschilds have sent. And a damned cynical errand boy he is, at that.
    Anyone running for public office had better understand this: The Book of Revelation is waiting in the wings.

  6. CHANGE… Yup, we got change.
    HOPE… Yes, we hope for an honest president, for a CHANGE.

  7. DCG , Why did you have to go and insult the turkey ?


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.