The National Debt & Federal Deficit Before And After President Obama: Numbers Show He’s Made Both Much Worse
The NATIONAL DEBT before and after Obama:
Over $9 trillion dollars
Candidate Obama at a campaign event in Fargo, ND on July 3 2008: “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are gonna have to pay back - $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic.”
$15.566 trillion dollars
March 2012 is a milestone in American history: (CBS News) “The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.
The National Debt also now exceeds 100% of the nation’s Gross Domestic Product, the total value of goods and services.”
So Mr. Obama .. you want us to do what? Re-elect you? Really now ..
President Obama’s spending is now not just excessive, but according to former Joint Chiefs of Staff Chairman Adm. Mike Mullen (the head of our military) PRESIDENT OBAMA’S SPENDING HABITS ARE A NATIONAL SECURITY THREAT (Source: http://goo.gl/J340D).
So .. Mr. Obama .. according to your own words, you currently epitomize irresponsibility. What don’t you get about not spending money we don’t have? And unpatriotic? Well you’re not that either according to your own statement, and that’s probably the reason you don’t get along with a very patriotic General Petraeus, whose biography implies you’re not fit for command (Source: http://goo.gl/JjYYv).
More reading >
Change: Obama’s addition to national debt now surpasses Bush
March 20 2012
Mullen: Despite deal, debt still poses the biggest threat to U.S. national security
August 2 2011
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The FEDERAL DEFICIT before and after Obama:
$492 billion dollars in 2009
Budget deficits under President George W. Bush were $389 billion in 2008 and $492 billion in 2009.
This is what newly elected President Obama had to say about this: “And that’s why today I’m pledging to cut the deficit we inherited by half by the end of my first term in office." (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., February 23 2009)
FY 2012 – $1.25 trillion dollars
President Obama in 2009 promised to cut the inherited deficit in HALF by the end of his term. It’s now 2012, so what has really happened? President Obama has failed the American public and here’s the proof:
"The 10-year window of the president’s budget shows $6.4 trillion in additional deficits, an increase of $3.5 trillion from current law, for fiscal years 2013 to 2022.
This is the fourth year in a row with deficits over a trillion dollars.
o FY 2009 – $1.4 trillion
o FY 2010 – $1.3 trillion
o FY 2011 – $1.3 trillion
o FY 2012 – $1.25 trillion”
DOES THIS LOOK LIKE CUTTING THE DEFICIT IN HALF? PRESIDENT OBAMA HAS NEARLY TRIPLED IT! I mean everyone can understand someone voting along party lines to promote their candidate and party, but come on now, can anyone choose to re-elect President Obama with a clear conscience anymore? His spending agenda is systematically dismantling our finances and economy - whether it’s intentional or not, he’s doing it. You might want to watch MSNBC’s Dylan Ratigan perfectly explain the tens of trillions of dollars currently being systematically extracted from America through banking, trade and taxes (Source: http://goo.gl/1Aj4G). President Obama is clearly and unequivocally assisting this extraction, many believing it to be intentional, including Florida Rep. Allen West, who says Obama is intentionally killing the economy (Source: http://goo.gl/4LLoQ).
More reading >
#NotBetterOff: The Next Generation
March 16 2012
Bush Leaving Next President Record Federal Budget Deficit
July 28, 2008
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This is what 1 TRILLION DOLLARS LOOKS LIKE ILLUSTRATED
Comprised of $100 bills, the tiny stack in front of the semi truck actually represents 100 million dollars (note human standing next to it), 1 billion dollars will fill roughly 1/3 of the semi truck, while the enormous stack (two high) represents 1 trillion dollars. To see the whole story, from 100 dollars to our national debt of over 15 trillion dollars to 114.5 trlllion dollars of US unfunded liabilities (Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions), go to the Eric Hovde for U.S. Senate (Wisconsin) web site > http://www.ericforsenate.com/442/.