Skip to comments.The Obama Debt Tracker - more than $6 trillion of total new national debt added in just 4.1 years
Posted on 03/01/2013 4:37:07 PM PST by jpl
Since President Barack Hussein Obama was inaugurated into office just over four years ago, Obama, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by more than six trillion dollars:
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
02/28/2013 11,822,436,182,671.08 4,864,852,997,544.29 16,687,289,180,215.37
In this time period, the debt has increased precisely $6,060,412,131,302.29, and worst of all, the overwhelming bulk of this is debt held by the public which has been borrowed from foreign governments like the communist Chinese.
This is an absolutely mind-blowing increase of over $4 billion each and every single day. Six trillion dollars is approximately $19,000 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.
Cloward Piven Strategy at work.
The crash will be epic.
(Their wealth is, as Henry puts it, protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy. According to Henrys research, the top 10 private banks, which include UBS and Credit Suisse in Switzerland, as well as the US investment bank Goldman Sachs, managed more than £4tn [$6.2 trillion] in 2010, a sharp rise from £1.5tn five years earlier.) An estimated $21 Trillion is hidden in offshore accounts. .
Banks send money to secret PACS, how else do they get such ridiculous amounts of money?
In just one example, Wells Fargo who recieved over $664 Million of unrepaid funds. In 2008, 2009, & 2010 they paid $0 TAXES, despite having reported profits.
U.S. Profits: $49,370,000,000 Taxes Paid: -$681,000,000
http://theeconomiccollapseblog.com/archives/abolish-the-income-tax-you-wont-believe-who-is-getting-away-with-paying-zero-taxes-while-the-middle-class-gets-hammered You Wont Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered
Another example, which isn't a bank recipient of Tarp funds is Google, who's CFO says company keeping $48 billion offshore cash stash for possible acquisitions, investments. They pay ZERO taxes, WHY????? Google pays ZERO taxes, and has $48 BILLION in overseas tax havens
Does any of this make sense to you?
They are money laundering our tax dollars, into political donations!
The US is becoming the Weimar Republic.
the dems hate the debt clock in congress.
i say put a second debt clock there as well, just obama’s debt clock, underneath the total debt clock.
really give the socialist demtards strokes.
The 16+ trillion total public debt outstanding makes that upwards of $120,000 per job holder. (135 Million job holders?)
So Obama’s 6 trillion would be about $45,000 of that, per job holder. Say, $90,000 by the time he’s done? By then, a total total public debt outstanding of $160,000+ per job holder?
This federal government run amok is running up our national credit card close to $1,000 per month, per job holder, on top of what they already take from us.
My credit score is good, but it’s not that good. I don’t think I’m good for it. How about the rest of you?
Then there are all the unfunded liabilities to make the picture 7-10 times worse.
And the States that are in similar shape.
All that comes out the front end, but that’s not enough, so the real worth of the dollar, and most other currencies as well, is being ratcheted ever downward, to take it out of our back end as well.
Oh, and they want all your guns and ammo, too. Makes sense. If I made a living abusing people like this, I wouldn’t want them armed, either.
Well done, thanks.