Posted on 11/16/2015 7:40:13 AM PST by jpl
On Thursday November 12, 2015 America's national debt hit the staggering total combined amount of $18.65 trillion.
Since President Barack Hussein Obama was inaugurated into office a little less than seven years ago, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by more than $8 trillion:
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
11/12/2015 13,422,684,032,364.47 5,226,340,763,474.31 18,649,024,795,838.78
In this time period, the debt has increased precisely $8,022,147,746,925.70, and worst of all, over 7 trillion dollars of this increase is debt held by the public which has been borrowed from foreign governments like the communist Chinese, and printed by the Federal Reserve Bank, significantly devaluing the precious U.S. dollar.
This is an absolutely mind-blowing increase of over $3.2 billion each and every single day. 8 trillion dollars is approximately $25,000 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 within the next couple of years or so.
$8 trillion and how much Debt is hidden ?
So, Obama adds over one trillion dollars every year to our debt.
The “Weiner” republic!
“So, Obama adds over one trillion dollars every year to our debt.”
He couldn’t do it without the help of the Republican held
house and senate. He could have been stopped. You can blame
the Obama all you want but he’s just the instigator, the
republican congress is the enabler. Without their help the
debt would be a lot less.
Good point and you are correct.
Increases in the National Debt are only newsworthy when they happen under Republican presidents.
Just like homelessness and unemployment.
Remember that the GOP has controlled the purse since ‘10.
Invasion of Europe news….
We mentioned recently that it appears from some photos that the invaders of Europe are mostly fighting age young men.
The UN High Commissioner for Refugees does not tell us their ages, but does tell us that 75% are men. (Germans hide your daughters!)
Only 51% are Syrians, the rest are from all over the Middle East and Africa.
So, did the men abandon their women and children back home (in an unsafe country)?
Yep, I know. I specifically mentioned our spineless republican “leaders” in the intro. They absolutely deserve a healthy portion of the blame.
I read somewhere the TARP loans back in 2008/09 were counted as deficit spending to Bush but when the loans were paid back they counted as credits against Obama’s spending, so his “official” deficit spending is actually understated. Any freepers know if this is true?
I hate democrats...
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