Posted on 08/10/2016 7:48:51 PM PDT by Olog-hai
During the 90 full months President Barack Obama has completed serving in the White House—February 2009 through July 2016—the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.
During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64—an increase of $8,795,689,333,049.67.
In July, according to the Monthly Treasury Statement released today, the federal government took in $209,998,000,000 in taxes and spent $322,813,000,000—running a one-month deficit of $112,815,000,000.
So far in fiscal 2016, according the Treasury statement, the federal government has collected approximately $2,678,824,000,000 in taxes and spent approximately $3,192,487,000,000—running a deficit of $513,662,000,000 for the first ten months of the fiscal year. …
(Excerpt) Read more at cnsnews.com ...
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He enjoys playing with other people’s money.
The GOP congress is worthless.
All without ANY accountability to a budget of any kind, too.
Someone correct me if I am wrong, but congress hasn’t passed an Obama budget in seven years....
They all failed to pass congress....
Congress was living by CR budgets....until this year...
Not defending that worthless muzzie loving homosexual in the WH, but Congress holds the purse strings not Obama...
The debt is theirs...
The Congress is worthless. They do nothing to make us worth less. They do everything to make us worth less.
Zero will rot in hell.
He can have his fun now.
Eternity is a bitch when you’re in hell.
can you say BANKRUPTCY
On the bright side, it may restore the rule of law, limited government and the Constitution. Or it may lead to a statist-collectivist-paramilitary dictatorship. Could go either way.
“The debt is theirs...”
Technically, you are correct.
It sure is odd that someone could write an entire article about national debt and never mention Congress.
The writer must have no understanding of how our government works.
Obama’s view is that,
There are plenty more taxes to collect,
and,
there’s plenty more debt to incur.
All for the common good.
Never mind that the death of the U.S. is not for the common good.
Our enemies never had a bigger friend in the White House. As the U.S. gets destroyed, our enemies get stronger.
Hmmmmm.... sounds like Obama’s plan is working.
“At this point, what difference does it make?” (Hillarious Rottenham Clingon)
The rubber stamp is hardly worth a mention at this point.
I 2nd that.
Really. Sadly, what difference. We have allowed a gummint to continue to exist that has enriched crony capitalists and prospers while stealing from our grandchildren who have yet to be born. We have watched and been aware and have allowed it. In this election year when we might have an impact we have allowed flag burning and wedding cakes and bathrooms in North Carolina become larger issues than this. I do believe this is the only thread on this all day. If WE FReepers care that little no one else does.
Hell, my cat could have created a better economy.
"worse recession since the Great Depression"...my arse.
The young and stupid weren't around for Jimmah Carter.
Uniparty 1 or uniparty 2, that’s what we have now.
It all has to go.
Next time around, no lawyers and no career politicians. Barred from serving forever.
To be fair, the voters in this country like this.
Especially the dead ones that haven’t been taken off the voter rolls.
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