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$7,060,259,674,497.51--Federal Debt
Up $7 Trillion Under Obama

Cybercast News Service, by Terry Jeffrey

Original Article

Posted By:JoniTx, 8/4/2014 11:13:56 AM

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. When President Obama took office on Jan.

      


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Reply 1 - Posted by: zaphod, 8/4/2014 11:20:31 AM     (No. 9952760)

What is used as collateral?

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Reply 2 - Posted by: gringolite, 8/4/2014 11:25:50 AM     (No. 9952769)

Debt slavery.
And it was only 45 years ago that we put a man on the moon for less than 3 billion dollars.

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Reply 3 - Posted by: OhMy, 8/4/2014 11:36:18 AM     (No. 9952781)

It is time for Obama to distract from this with a speech about the need to live within our means. That evening Mark Levin will try to play the clip and shout "That´s enough I can´t take it any more" It´s the only sane reaction to Obama hypocrisy which lectures people against everything that he does.

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Reply 4 - Posted by: Safari Man, 8/4/2014 11:36:53 AM     (No. 9952783)

The article quotes household debt, but the per capita debt increase is $22,485. But the real shocker is how much money was spent on your behalf in that time -- $66,900 per person spent by the Federal government. What do you have to show for it? I got nothing; all I did was pay INTO the system.

But no more -- I am on strike. Even though I no longer pay federal income taxes, I am still taxed severely by local governments and, far worse, by the Fed´s printing of money. My savings keeps becoming worth less and less.


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Reply 5 - Posted by: The Advocate, 8/4/2014 11:59:23 AM     (No. 9952816)

The money went into someone´s coffers.
Next POTUS should trace funds and claw them back.
Case in point - 800 million to Canadian firm employing Val,jar daughter and SIL for a still flawed website!
George Weiss - Solyndra
Etc etc etc.

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Reply 6 - Posted by: Freeloader, 8/4/2014 12:10:17 PM     (No. 9952826)

Need a good reason to impeach, incarcerate and deport this undocumented, Muslim poseur back to the teeming streets of Jakarta, Indonesia?

How about this "Triple Whopper With Cheese Sandwich Meal"?---"I´m pledging to cut the deficit in half by the end of my first term in office."

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Reply 7 - Posted by: MDConservative, 8/4/2014 1:18:29 PM     (No. 9952886)

Who voted to appropriate much of this...at least the last four years´ worth? Off with their heads!

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Reply 8 - Posted by: krause, 8/4/2014 1:34:57 PM     (No. 9952914)

We take in 2.5 trill, he spends 3.5 trill. Who does this? Nobody in their right mind, that´s who. He, and the whole dem party, don´t even seem to care about it?

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Reply 9 - Posted by: littleorby, 8/4/2014 1:35:52 PM     (No. 9952916)

You can blame Obama as much as you like, but remember, mommy . . ., er I mean the HOUSE holds the purse strings.

You don´t give a dumb arsed choomer the ´pin´ number to your bank account.

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Reply 10 - Posted by: bpl40, 8/4/2014 3:10:00 PM     (No. 9953037)

Once again. Seven trillion dollars debt is bad enough. But the proceeds to the public treasury from that debt were essentially wasted. We got nothing for it. That is the real scandal.

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Reply 11 - Posted by: Gram77, 8/4/2014 5:07:08 PM     (No. 9953190)

You could save tons of money if you and your wife took one vacation a year like the rest of us do.

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Reply 12 - Posted by: NYbob, 8/4/2014 5:26:53 PM     (No. 9953211)

THAT is why the economy is doing better! I see liberals in comment sections crying that BHO spends less than Bush and now I get it. Top of the world, ma.

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Reply 13 - Posted by: ColonialAmerican1623, 8/4/2014 10:18:39 PM     (No. 9953480)

That will look like chicken feed by 2016.
Can´t cut back on perks for illegals, dreamers and the first grifter´s lifestyle of the rich and infamous.

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