Wednesday, April 18, 2012

The $5 Trillion Man: historic debt

And it only took this historic President a mere 39 months...

CNSNews: 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.

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.

'Out of the dark and into the light' my @$$! As Rush said today, "This is why there is a Tea Party. This president has rung up more debt than all previous presidents combined. And on the horizon we can now see, it's Greece, it's Spain, it is Europe."

So, will we learn or will we rinse and repeat, America?

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