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How appropriate: Debt Up $6.66 Trillion Under Obama
#1
http://m.cnsnews.com/news/article/ali-me...nder-obama

(CNSNews.com) - The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the latest numbers released by the Treasury Department.

When President Obama was first inaugurated on Jan. 20, 2009, the debt of the U.S. government was $10,626,877,048,913.08, according to the Treasury Department’s Bureau of the Public Debt. As of Jan. 31, 2014, the latest day reported, the debt was $17,293,019,654,983.61—an increase of $6,666,142,606,070.53 since Obama’s first inauguration.

The total debt of the United States did not exceed $6.666 trillion until July 2003. In the little more than five years of the Obama presidency, the U.S. has accumulated as much new debt as it did in it’s first 227 years.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
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#2
If you had a neighbor you knew was in unfathomable, astronomical debt that had accelerated greatly recently would you ever consider lending him money if he asked you? No, you wouldn't. You would wonder how he would ever pay you back.

The USA passed the point of no return a long time ago. Default is now inevitable.
Live Free or Die
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#3
Jon Doe;133897 Wrote:If you had a neighbor you knew was in unfathomable, astronomical debt that had accelerated greatly recently would you ever consider lending him money if he asked you? No, you wouldn't. You would wonder how he would ever pay you back.

The USA passed the point of no return a long time ago. Default is now inevitable.

Default to whom? The federal Reserve and our own government now owns about $13-$14 trillion of that debt, depending who you ask. They have a big IOU from our treasury. So if we default whom doesn't get paid back first? The Federal Reserve. Who gives a shit if the federal reserve doesn't get paid back?
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#4
ExcelToExcel;133928 Wrote:Default to whom? The federal Reserve and our own government now owns about $13-$14 trillion of that debt, depending who you ask. They have a big IOU from our treasury. So if we default whom doesn't get paid back first? The Federal Reserve. Who gives a shit if the federal reserve doesn't get paid back?

Bond holders.

Anyways, no POTUS can spend any real money without the approval of congress and as an extension us.

I've asked the OP before if he will willing stop collecting all the freebies coming his way when he retires after he gets out what he paid in with a respectable interest rate. Of course he won't. As nobody else will. What nobody wants to admit is that is where the real money is spent.

Charts were posted here before but everybody seemed more outrage at the cost of O's vacation. If I did not know better I would think many here are secretly working for the .gov to waste out time over pennies as they steal billions.
Dave, proudly annoying members of pa2a.org since Sep 2012.
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#5
It is huge burden of debt under Obama. It is dangerous for the country.
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#6
Obama already has an open checkbook. He controls the narrative in that he HAS to spend in order to fix the mess he inherited from George Bush and his two wars, just ask anyone in any city in America. Summarily he has already out maneuvered a weak Republican leadership, in that any government shutdown will be seen as their fault, come next election! The result: Obama gets to "run with scissors", uninhibited. Trash the the Dems in the midterms.
SAF Life Member
DeadEye, proud to be a member of pa2a.org since Jun 2013.
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