Obama’s Now Borrowed More Than All Presidents from Washington to W
Posted on 12/01/2012 3:37:15 AM PST by Sub-Driver
Edited on 12/02/2012 5:02:28 PM PST by Admin Moderator. [history]
CNSNews.com) - The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.
At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.
That means the debt has increased $5,696,206,400,691.90 during Obama’s presidency.
On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90—the amount it has increased in less than one full term of Obama.
(Between late 1999 and the middle of 2001, as federal revenues sometimes exceeded expenditures, the debt fluctuated back and forth over the $5.696 trillion mark--only to finally pass that threshold, without retrenching, between July 2 and 3, 2001.)
Don’t blame me I voted for the White Boy. . . . .
Just print money to pay for it all. Isn’t that where the money to pay our bills comes from...the printing press?
In fact, it’s such a grand idea, the government should save itself the trouble and just give each of us our own individual printing presses to do what seems like a great idea.
This addition to the debt was key to the re-election of President Barrrrrock Hussein Santa Claus ØBama.
Cloward Piven, overwhelm the system into collapse
https://www.youtube.com/watch?v=ICVqY-2M1dY
It’s working, and 53% of Americans voted for it.
All part of the Marxist’s plan. When you hate the country you try to transform it.
And gets reelected.........Unreal.>>>>>>>>>>>
Try this: ( sung to the tune of walkin in a winter wonderland)
Walkin in a Winter Wonderland.
Leftists sing, are you listening,
In Bohner’s brain, Reid is pi$$ing
A beautiful sight,
We’re happy tonight.
Walking in Obama’s wonderland.
Gone away is the budget,
All we can do, is try to nudge it
Obama sings a love song,
As we go along,
Walking in Obama’s wonderland.
In the meadow we can build Rice’s snowman,
Then pretend that she is Secretary State
She’ll say: Are you married?
We’ll say: No man,
But you can do the job
If thats your fate.
Later on, we’ll conspire,
As we dream by Reichstag fire
To face unafraid,
The treason we’ve made,
Walking in Obama’s wonderland.
In the meadow we can build a snowman,
And pretend that he’s Obama’s clown
We’ll have lots of fun with mister snowman,
Until the Constitution knocks Obama down.
When in debt, ain’t it thrilling,
Though your wallet gets a chilling
We’ll frolic and play,in the fascist way,
Walking in Obama’s wonderland.
It has been stolen against the US Constitution
BUT The Congress assented to the treason, over and over.
They were given money and special deals.
They were given relief from DEATH PANELS.
And they love the Communist and al Qaeda for it.
Confusing wording.
As I understand it, GWB doubled the debt in eight years, and BHO increased it in his first term by as much as GWB did in both terms.
Rather relevant facts that don’t make GWB look very good, even in comparison with BHO.
Unless, again, I’m misunderstanding something.
Only around a third of all Americans bothered to vote... so 53% of those that voted... voted for disaster with big ears and a brimstone heart.
LLS
Ordinarily I would say NO, he hasnt, the prez does not have the power to spend money, that is in the powers granted to congress BUT.....................Since they have not passed a budget in what? 3 years now? I guess that only leaves the prez.
No doubt he is reached 1/3 of his final goal.
Nope, you’re spot on.
In partial defense of GWB, I believe a very large chunk of the debt he added was the bipartisan “stimulus” package that would keep us out of a severe recession.
Obama’s and the Democrats’ only criticism of that bill was that it wasn’t big enough.
Its falling under GWB’s responsibility is more a function of the calendar than G’s spending/borrowing proclivities.
BTW, who writes this crap? I puzzled over it for five minutes trying to figure out who had borrowed what.
GWB failed us, but they will call for Jebbie to the rescue! Just watch those dumb Republican primary voters fall for Jebbie.
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