Posted on 02/01/2016 1:25:27 PM PST by jpl
Today, America's national debt hit the staggering total combined amount of $19 trillion. It has been a little over fourteen months since it hit $18 trillion. Since President Barack Hussein Obama was inaugurated into office a little more than seven years ago, he, the democrats, and a few spineless republican "leaders" in congress have increased the total combined national debt by nearly $8.4 trillion:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
1/20/2009 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08
1/29/2016 13,657,155,197,715.49 5,355,672,500,702.44 19,012,827,698,417.93
In this time period, the debt has increased precisely $8,385,950,649,504.85, 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, and printed by the Federal Reserve Bank, significantly devaluing the precious U.S. dollar. The publicly held debt has incredibly more than doubled under this administration! This is an absolutely mind-blowing increase of nearly $3.3 billion each and every single day of the Obama presidency. 8.4 trillion dollars is approximately $26,000 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 government continues to recklessly overspend, with fiscal responsibility nowhere in sight, 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.
Make the ‘Rats pay the bill....
Yeah, and January of 2001 about:
$5,500,000,000,000.00
Make the 1%ers for it!
BTW, Bernie is promising me a free college education. I am going to vote for him.
Signed, A. Millennial
Doesn't the Republican controlled Congress control the purse string? Was my social studies 101 teacher wrong?
What's YOUR take, FReepers?
The ‘Representative government’ thing is ALL window dressing. All for show. You know better. When the president can call the owner of a website and tell him not to allow gun sale postings, WE’RE UNDER A DICTATORSHIP!
I wish I could mount an agreement against you. I can’t.
Where is he stashing all the cash ?
It will be 20-21 Trillion by January, 2017. Just watch.
I agree with you.
Just as he and Soros planned it. Put the U.S. into an unrecoverable financial position and watch it burn
Truth, Justice, and the American Way.
Prison for 536 - CONgre$$ & POSOTUS
TREASON
“I hate to say it but TRUMP might be the only man passionate enough about money to put a dent in this.”
Yup- Unlike Obamacare- Trumpcare will be free. /sarc
You’re touching on a very big reason why I want Trump and his team in there scouring the budget looking for savings.
He seems to agree this deficit spending can’t continue. I think he’s right. He has addressed paying down the debt also.
That’s why it’s so vitally important to get our people back to work.
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