Obama has added around $8 trillion to the debt of the United States since taking office, though Obama and the other members of the Democrat Culture of Corruption will surely deny it.
Obama Has Added Almost $8 Trillion to US National Debt – FLASHBACK Obama Attacked Bush For Adding $4 Trillion to Debt
The amount of debt that Obama has heaped onto our kids and grand kids is probably not news to anyone who is paying attention, but the idiots that voted for Obama should keep reading because they obviously have their heads stuck up their own asses.
While running for president, Obama himself attacked President Bush as “irresponsible” and “unpatriotic” for adding only $4 trillion to the debt.
What do you call it when Obama doubles the amount spent by Bush, raising the debt by almost $8 trillion since taking office at the beginning of 2009? We would call Obama’s out of control spending “Treasonous” and “Criminal”!
The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.
That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation’s existence–from 1776 through 2003.
The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.
federal-debtWhen President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19–up $6,991,722,604,247.11 from Obama’s first inauguration day.
By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.
As of June, there were 115,097,000 households in the United States, according to the U.S. Census Bureau. The $17,687,136,723,410.59 in debt the federal government had accumulated as of the end of July equaled $153,671.57 per household.
The $7,060,259,674,497.51 in new debt that the federal government has taken on during Obama’s presidency equals $61,341.82 per household.
The median household income in the United States in 2012 (the latest year estimated) was $51,017. Thus, President Obama has increased the federal debt by more than the typical household’s annual income.
Stand Up To Government Corruption and Hypocrisy – usbacklash.org