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August 23, 2011

Debt Man Walking … The Obama National Debt Growing at $3 Million a Minute, Even When The One Golfs & Vacations

Posted in: Barack Obama,Budget Deficits,Lost in Smallness,National Debt,Obamanation,Obamanomics


The following is almost incomprehensible. Almost. The latest data for the amount of the national debt are just out and its now $14,639,000,000,000. When Barack Obama took office, as per the LA Times, the debt was at $10,626,000,000,000. Believe it or not, under Barack Obama our National debt grows at $3 million a minute. Maybe the president could remind himself of this when he is on the golf course, shooting hoops, taking vacations, doing campaign bus tours that are masked as jobs initiatives, and filling out NCAA brackets.

That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.

Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn’t been closed.

Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.

Before those of you on the LEFT want to blame George W. Bush, you might want to take a look at the reporting blow from the conservative LA Times. Oh wait, they are as liberal as it gets. When Obama was elected President it was not based on the premise that the economy and debt would get worse. However, it has. Americans have a more bleak outlook and have come to believe that Obama is not up to the job. Or, if this is his answer to the problem, he is not the right individual for the job. The excuses of blaming the Tea Party and the GOP are pathetic. What about when for the first two years, Obama had carte blanche as Democrats controlled the House and Senate and still did nothing to help the economy, jobs or the debt. In fact, the economy got worse, unemployment went up and the national debt increased to record levels.

The nation’s debt increased $4.9 trillion under President Bush too, btw. But it took him 2,648 days to do it. Obama will surpass that sum during this term.

Barack Obama tells us that he wants to reduce the debt and he has a plan. Really, because Obama wanted a clean bill when it came to the debt ceiling initially. He wanted to reduce nothing, as he wanted a blank check. Not that what Congress ended up passing was any shakes. Americans want leadership, not excuses. With all that has gone on and a national debt that is out of control, to ask Americans, any Americans whether they be rich or middle class is criminal.

Brian in a Blue State

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