Obama Raises National Debt Over $15 Trillion
National Debt Now Over $15 Trillion
Archive of posts tagged trillion
Treasury: U.S. Borrowing Over 100% of GDP After Debt Ceiling Increase
The debt ceiling increase has helped raise our borrowing over 100% of GDP for the first time since 1947! “The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.” We are now borrowing $14.58 trillion, with a …
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Obama Reponsible For 2 Largest Debt Ceiling Increases In U.S. History
I didn’t realize that before Obama got shoved into office, the largest debt increase was done by President Bush on March 27, 2003, and Bush only raised the debt ceiling by $984 billion. The two largest debt ceiling increases have come from the Obama administration, in back-to-back years. Obama’s debt ceiling increase last year was …
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Whack-Job Democrat Rep. Barbara Lee Is Out Of Touch With Reality
Democrat Rep. Barbara Lee’s attack on Republicans is a feeble attempt to push blame for our current financial situation away from those who actually deserve it, like the Obama administration and Democrats who increased our nation’s debt by $4 Trillion in his first 19 months, which historically is more than all previous Presidents from Washington …
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Charles Krauthammer: ‘Call Obama’s bluff’
Charles Krauthammer is, by far, the smartest political mind in the media today, and he hits the nail right on the head in his new piece titled “Call Obama’s bluff”. Mr Krauthammer goes after Obama’s assertion that he would not sign any deal less than 120 days, but has no plan of his own to …
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