Posted on 04/01/2014 3:22:05 PM PDT by jpl
I wish that this were just another bad April Fools' Day joke, but sadly, this story is all too real.
Since President Barack Hussein Obama was inaugurated into office a little over five years ago, Obama, Pelosi, and Reid have doubled America's publicly held debt, an increase of more than 6.3 trillion dollars:
Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
03/31/2014 6,307,310,739,681.66 4,319,566,309,231.42 10,626,877,048,913.08
8/19/2011 12,619,319,113,193.99 4,981,908,178,019.90 17,601,227,291,213.89
In this time period, total national debt has increased by nearly seven trillion dollars total, and as you can see, almost all of it is public debt, which is the worst kind.
This is an absolutely mind-blowing increase of roughly one trillion dollars every nine months, or approximately $3.7 billion each and every single day. Seven trillion dollars is approximately $22,000 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.
Whoops, I made a mistake on the second date, it should be today’s date.
I was confused...
You are not alone...
It appears that the dates are switched on those numbers, but anyway.
Well heck, what is a trillion here or there matter? We are so screwed now and in the hole so deep, we will never get out anyway. So just keep running it on up. It would take 20 generations to pay it off, but we know it ain’t gonna happen.
Admin, can you help with editing the dates?
| 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 |
| 03/31/2014 | 12,619,319,113,193.99 | 4,981,908,178,019.90 | 17,601,227,291,213.89 |
Created with the HTML Table Generator
“Obama doubles America’s publicly held debt in just 5.2 years”
No the RINOCRATS did that in just 5.2 years. Blame all around, including the lying, red-eyed, commie sack ‘o’ fodder squatting in the White Hut.
As much as I would like to blame Obama for this, the Congress has control of the purse strings. All overspending is the fault of our Congress, half of which has been controlled by spineless Republican’ts for the last 4 years.
Here comes all the but, but, buts...
Facts are inconvenient things to people with an agenda that is not bound to truth.
I’m not paying it.
I’m already adjusting my lifestyle lower as indicated by these facts.
Sound strategy with some prep.
Not giving the democrats an out, but “we” elected a republican house that took over in Jan 2011 to stop this. They didn’t do it. So they equally share the responsibility. They should have the balls to really shut down the government. And that means Harry Reid and Nancy Pelosi and obama’s salary and perks. Close the damned white house. Turn out the lights in the house and go home.
See my post #16.
No.
This is about doubling the debt. Democrats have.
But the democrats had full control of everything for the first couple of years when the enormous stimulus bill was passed, and the TEA Party made an honest effort to get things under control and were stabbed in the back by the leadership. And the president is the guy who sets the agenda, for better or for worse.
But, but, but.
Both parties suck. Both parties spend too much and are keen to strip us of our liberties.
A pox on them all.
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