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The $5 Trillion Man by avengador1
Started on: 04-20-2012 01:04 PM
Replies: 2
Last post by: Formula88 on 04-20-2012 04:24 PM
avengador1
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Report this Post04-20-2012 01:04 PM Click Here to See the Profile for avengador1Send a Private Message to avengador1Direct Link to This Post
http://cnsnews.com/news/art...bama-502776147648456
 
quote
The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56

In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56.

Although he has served less than a term, Obama is now the first American president to see the federal government's debt increase by more than $5 trillion during his time in office.

During the full eight years that George W. Bush served as president, the federal government's debt increased by $4,899,100,310,608.44. (Rising from $5,727,776,738,304.64 to $10,626,877,048,913.08.)

The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States.

At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the federal government’s debt was $10,626,877,048,913.08, according to the U.S. Treasury. By the close of business on April 16, 2012—as many Americans were working to finalize their 2011 tax returns to meet an April 17 filing deadline—the debt had reached $15,654,638,525,397.64.

The $5,027,761,476,484.56 in additional debt that the U.S. government has taken on during the 39 months that Obama has been president is more debt than the federal government accumulated in the first 219 years of the Republic.

The total federal debt did not exceed $5,027,761,476,484.56 until March 14, 1996, when President Bill Clinton was in the last year of his first term in office. On that day, the national debt rose from $5,025,887,531,178.79 to 5,035,165,720,616.33.

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FriendGregory
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Report this Post04-20-2012 04:16 PM Click Here to See the Profile for FriendGregorySend a Private Message to FriendGregoryDirect Link to This Post
So, we need Clinton back to fix it?
I have no idea, my guy quit the race.
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Formula88
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Report this Post04-20-2012 04:24 PM Click Here to See the Profile for Formula88Send a Private Message to Formula88Direct Link to This Post
 
quote
Originally posted by FriendGregory:

So, we need Clinton back to fix it?
I have no idea, my guy quit the race.


Only if he brings Newt and the GOP Congress with him.
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