Another Grim Milestone… Obama Adds $5 Tillion to US National Debt

On July 3, 2008 — the day before Independence Day — Barack Obama said that adding $4 trillion in debt was irresponsible and “unpatriotic.

Then what does adding $5 trillion in debt make you?

Barack Obama has added $5 trillion to the US national debt in a little over three years.
CNS News reported:

In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56.

Although he has served less than a term, Obama is now the first American president to see the federal government’s debt increase by more than $5 trillion during his time in office.

During the full eight years that George W. Bush served as president, the federal government’s debt increased by $4,899,100,310,608.44. (Rising from $5,727,776,738,304.64 to $10,626,877,048,913.08.)

The $5,027,761,476,484.56 that the debt has increased during Obama’s presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States.

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  • Militant Conservative

    All to destroy America via
    Cloward & Piven.
    Socialist utopia is bankruptcy

  • SeniorD

    The Socialist-in-Chief has always preached ‘Hope and Change’ – he ‘hoped’ his policies would ‘change’ this country.

  • Old51

    “Tillion?” You may want to have that typo corrected, not that “trillion” makes me feel any better about the situation.

  • Blacque Jacques Shellacque

    Then what does adding $5 trillion in debt make you?

    A moron.

  • kato

    A subprime messiah for the parasites. Let’s not make this historic mistake ever again.

  • bg
  • Liz

    You know, how long until this man gets the help he needs? Hopefully in November he can spend some much needed time in a Sylvan Center learning remedial math.

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  • owl

    Or as Drudge puts it, The 5 Trillion Dollar Debt Man. You have to hand it to Drudge when he had the guts to put Obama’s face up with this under.

  • BuddyG

    But, but, but, the dems/leftists/media wanna talk about about the GOP “war on women” and Sandra Fluke’s free bc pills. Gotta prioritize ya know.

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  • HeavyDee

    Hey, I’m as much against the Obama Admin. as anyone, but in less than 12 years, our National Debt has gone up by 10 trillion freaking dollars!!!! That is unacceptable regardless of which party is in power!!! We need to clean house in DC and get away from this freaking “entitlement mentality” that is killing this country.

  • Patty

    Giving away the game (Axelrod’s amazing gaffe!)

    On Sunday, the most important person in the Obama campaign aside from President Obama himself inadvertently gave the 2012 game away in one of the more revealing political moments of our lifetimes.

    David Axelrod, Obama’s chief strategist, deserves enormous credit for having fashioned one of the most brilliant national campaigns in American history in 2008. But that was then, and this is now — and now Axelrod has gone on “Fox News Sunday” and offered the best and most succinct case for a Romney presidency yet.

    “The choice in this election,” said Axelrod, “is between an economy that produces a growing middle class and that gives people a chance to get ahead and their kids a chance to get ahead and an economy that continues down the road we are on.”

    Of course, the overseer of the “road we are on,” the man whose policy it has been to intervene directly and repeatedly in the economic affairs of the American people, is Obama.

    If the election in November is a referendum on “an economy that continues down the road we are on,” with 66 percent of the American people telling pollsters they think the country is on the wrong track, Obama will lose. This isn’t a line of argument Obama and his people want to pursue. So why did Axelrod say it?

    I’d guess it was a moment of weakness. As Shakespeare’s Henry IV said, “The wish is father to the thought.”

    Axelrod’s mind-boggling description of the current reality — in which, he said, “A fewer and fewer number of people do very well, and everybody else is running faster and faster just to keep pace” — suggests he desperately wishes he and Obama were back in 2008.

    That was the year of “Yes, we can,” and “We are the change we have been looking for,” not a year in which he’ll have to ask for a second term after nearly four years of his own national stewardship.

    Axelrod knows how to run Obama as the candidate of change. His words suggest he doesn’t know how to run Obama as the candidate of the status quo. {..} goes on!

    Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/giving_away_the_game_CunjgpL5prq0BU6U7uJnxO#ixzz1sQ6GMOwp

    There is no rhythm or reason for this administrations attack on classes. We know Obama’s record, now and we are going to win.

  • saveus

    obviously bush made him do it

  • bg

    ++

    OT..

    via Breitbart – ht Rush

    April 16, 2012

    WaPo Author who Tied Romney to
    KKK Resigns over Plagiarism Scandal

    [The Washington Post also apologized, writing, “we apologize that the
    posting began by saying ‘someone didn’t do his research’ when, in fact,
    we had not done ours.”

    [a noticeablely huge problem everywhere of late]

    For the Washington Post, a reporter cannot be caught plagiarizing from
    mainstream organizations in their fraternity but can go undisciplined when
    they engage in nearly libelous conduct against Republicans.
    ]

    ==

  • Patty
  • Redwine

    Cloward and Piven indeed. Toxic hag Fox-Piven must be drooling in her oatmeal with anticipation.

    Add this complete, wholesale destruction of the economy to the regime-concocted and provoked race war, class war, war on women, war on religion, attacks on our military, conservatives, private sector, manufacturing, oil, gas and coal industries, disastrous and vindictive foreign policy, all the land-grabbing, Fast and Furious… and so much more – and this walking fraud still has a chance to steal a second term.

    Utterly pathetic – and scary.

  • Patty

    8 years of Bush, 4.8 trillion. Obama 3 years 5 trillion. That alone should shake up a few voters.

    Obama mores than double our debt.

  • BlackBush

    Why did it have to happen to Breitbart?

  • Patty

    Remember this: Obama sends request to Congress for another 1.2 trillion.

    http://www.zerohedge.com/news/obama-sends-request-congress-12-trillion-debt-ceiling-increase

  • Patty

    ObamaCare Is Bending The Cost Curve Upward

    {..}

    At a Senate Appropriations Committee hearing less than a month ago, Sen. Ron Johnson, R-Wis., recalled that Obama had “said that by enacting this health care law, every family would save $2,500 per year,” then pointed out that “the Kaiser Family Foundation has already released a study saying that average costs of family health care plans are up $2,200.”

    “We’re already different by $4,700,” Johnson said. “It’s going to be hard to get us down to $2,500 cost savings.”

    There is much more ailing ObamaCare than its invasive individual mandate. It is a financial wreck that will require more tax dollars and private spending than any program in history. It has the potential to inflict severe long-term damage to the U.S. economy.

    And for what? Increased health insurance coverage is not the same as better health, nor does wider coverage guarantee lower medical costs.

    More government intervention, however, ensures higher costs and declining outcomes. Just ask the British, who are learning this the hard way.

    http://news.investors.com/article/606490/201204021901/obamacare-adds-17-trillion-in-debt.htm

    I am going on record and predicting another S & P downgrade before elections. It is evidently clear that these children in Washington don’t have the intelligent of an ant when it come to our economy.

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  • bg

    ++

    my favorite:

    [The largest banks are actually bigger than they were when he
    took office. And earned more in the first two-and-a-half years of
    his term than they did during the entire eight years of the Bush
    administration.]

    ==

  • Blacque Jacques Shellacque

    Hopefully in November he can spend some much needed time in a Sylvan Center learning remedial math.

    I’d rather see him and his buddy Holder prosecuted and imprisoned.

  • bg

    ++

    don’t get too excited..

    April 17, 2012

    Barney Frank: Obamacare Was a ‘Mistake’

    [Let’s leave aside Frank’s accusation that the reason Obamacare is unpopular is because the middle class doesn’t want to “share the health care with poor people.” (The middle class does plenty of sharing already.) Before Republicans start chortling at Barney Frank’s admission of Obamacare’s unpopularity, it’s worth remembering that the overall problem he identifies makes sweeping market-oriented reforms difficult too.

    That’s why, for example, Democrats go on about Republicans supposedly “ending Medicare as we know it,” even though that is patently dishonest, and why the new Republican plan for Medicare, endorsed by Paul Ryan and Mitt Romney, (1) doesn’t affect anyone over the age of 55, and (2) retains an option for people to stay on traditional Medicare if they so choose.

    Many Republicans have aggressively pushed the critique that Obamacare prevents people from keeping their current arrangements, if they like them. But that critique would also apply to any plan that, say, eliminated the tax exclusion for employer-sponsored insurance, in order to help fund universal coverage (an idea favored by people like me).

    If Republicans are lucky enough to gain power in November, they will face two challenges. Democrats will instinctively push back on any changes to our three health-care entitlements: Medicare, Medicaid, and the employer tax exclusion. In addition, much of the conservative base does not appreciate that health care reform is urgently needed, because conservatives tend to be the people who are happiest with their current arrangements.

    What’s the solution? The solution has two parts. First, any proposals to replace Obamacare must be implemented gradually, over time, so as not to overly disrupt the arrangements that many Americans like. Secondly, the solution ought to be bipartisan, by pairing free-market reforms with expansion of coverage (a liberal priority).]

    it’s like i said from the get go, there will be no reapealing ObamaCare,
    well, not by any Legislative Politicians anyways.. hah, Kennedy is doin’
    a happy jig in hell, and as soon as Obama’s finished with US, so will all
    of his hero’s..

    ==

  • Joanne

    Talking about Breitbart – his autopsy should be done soon I would think.

    I’ve said from the start, as many others, Obama’s intention all along has been to destroy the U.S.A.’s economy, and putting her in debt is one fine way of accomplishing just that.

  • bg

    ++

    Redwine #17 April 18, 2012 at 2:29 pm

    re: [Cloward and Piven indeed. Toxic hag Fox-Piven
    must be drooling in her oatmeal with anticipation.]

    Obama’s Auntie Fran

    [She’s considered by many as the grandmother of using the American welfare state to implement revolution. Make people dependent on the government, overload the government rolls, and once government services become unsustainable, the people will rise up, overthrow the oppressive capitalist system, andfinally create income equality. Collapse the system and create a new one. …]

    ==

  • tommy mc donnell

    #23 bg… the goal of socialism is one bank. no competition!

  • bg

    ++

    Patty #13 April 18, 2012 at 2:06 pm

    re: [“The choice in this election,” said Axelrod, “is between an economy
    that produces a growing middle class and that gives people a chance to
    get ahead and their kids a chance to get ahead and an economy that
    continues down the road we are on.”
    ]

    most liberals, not to mention a few conservatives, simply cannot
    comprehend the utter transparency of the Obama administrations
    orations.. which are implemented with impunity because what he
    says sounds good, ergo, the reality of his words do not register..

    ==

  • While trying to destroy our country financially ,he also stealing your freedoms one by one another power grab by the marxist regime……..http://www.humanevents.com/article.php?id=50880

  • bg

    ++

    tommy mc donnell #28 April 18, 2012 at 3:31 pm

    yes, and there’s more than one way to accomplish that goal, especially
    when you want to keep the wool pulled over the non-elite masses eyes
    in order to keep them from storming the Bastille so to speak..

    and of course i could be all wrong, but do you think it’s a good thing that
    a few Banks are growing against the wind so to speak?? i mean.. Obama
    always had a love – hate thing going when it comes to Bankers, not to
    mention Businessmen..

    scroll thread for more. or not, your choice..

    ==

  • bg

    ++

    re: #23 April 18, 2012 at 3:09 pm bg
    &: #31 April 18, 2012 at 4:00 pm bg

    bit more:

    [The new chief of staff, Jack Lew, comes from Obama’s Office of
    Management and Budget, where he replaced Peter Orszag, who
    now works as vice chairman for global banking at the giant
    conglomerate Citigroup. Still following me?

    It’s startling the number of high-ranking Obama officials who have
    spun through the revolving door between the White House and the
    sacred halls of investment banking.

    [..]

    And get this: President Obama’s new best friend, according to The New York Times, is Robert Wolf. They play golf, basketball, and they talk economics when Wolf is not raising money for the President’s re-election campaign. Now, just who is Robert Wolf? Well, he’s top dog at the U.S. branch of the giant Swiss bank UBS, the very bank that helped rich Americans evade taxes. Here, Senator Carl Levin describes some of the tricks used by UBS:]

    ==

  • bg

    ++

    re: redneck #30 April 18, 2012 at 3:58 pm

    flashback:

    LOST

    [As the advisors talked among themselves debating whether the administration should sign the treaty as it stood or demand changes, the President sat by silently and listened. With the debate raging, suddenly the President’s voice was heard to say, “Isn’t that what it was all about?”

    Debate stopped as everyone looked over to the President. “What, sir?” Reagan then repeated his statement. “Isn’t that what it was all about — the election? Doesn’t it mean that we don’t have to sign these things?”

    The group realized that President Reagan had just cut through all of the debate and stated the real issue. His administration had been elected to defend American sovereignty and independence, and that changes in a bad treaty didn’t have to be negotiated. He could just refuse to sign and kill it right then and there. Ronald Reagan understood that he was the President of the United States and not a captive of someone else’s power grab.

    And the Law of the Sea Treaty remained justifiably dead for the next 12 years until Bill Clinton pulled it out of the trash bin, dusted it off and signed it. Then, in the spirit of Reagan, a courageous Senator Jesse Helms, chairman of the Senate Foreign Relations Committee, bottled it up until the Clintonistas were driven from power.]

    flashforward:

    American Sovereignty May Be LOST

    [LOST — the U.N. Convention on the Law of the Sea, also called the Law of the Sea Treaty — regulates all things oceanic, from fishing rights, navigation lanes and environmental concerns to what lies beneath: the seabed’s oil and mineral wealth that companies hope to explore and exploit in coming years.

    But critics say the treaty, which declares the sea and its bounty the “universal heritage of mankind,” would redistribute American profits and have a reach extending into rivers and streams all the way up the mighty Mississippi.

    The U.N. began working on LOST in 1973, and 157 nations have signed on to the treaty since it was concluded in 1982. Yet it has been stuck in dry dock for nearly 30 years in the U.S. and never even been brought to a full vote before the Senate.

    But swelling approval in the Senate and the combined support of the White House, State Department and U.S. Navy mean LOST may be ready to unfurl its sails again.

    Sen. John Kerry, chairman of the Senate Foreign Relations Committee, said during a January confirmation hearing that he intends to push for ratification. “We are now laying the groundwork for and expect to try to take up the Law of the Sea Treaty. So that will be one of the priorities of the committee, and the key here is just timing — how we proceed.”

    Secretary of State Hillary Clinton, saying the treaty is vital for American businesses and the Navy, told Kerry that his committee “will have a very receptive audience in our State Department and in our administration.”

    LOST apportions “Exclusive Economic Zones” that stretch 200 miles from a country’s coast and establishes the International Seabed Authority to administer the communal territory farther out. The treaty’s proponents say it clears up a murky legal area that has prevented companies from taking advantage of the deep seas’ wealth.]

    Obama, the South China Sea and LOST

    [“The whole theory of the treaty is that the world’s oceans and everything below them are the common heritage of mankind. Very socialist.”–Steven Groves, Heritage Foundation.]

    ==

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  • mcc

    Great site I just found…

    “The Death March Toward Socialism Must be Halted” —
    http://www.dangersofsocialism.com/death-march-toward-socialism.pdf

    A bit of an education about socialism and how it relates to today.

    HOW DO YOU TELL A COMMUNIST?
    Well, it’s someone who reads Marx and Lenin.
    HOW DO YOU TELL AN ANTI-COMMUNIST?
    It’s someone who understands Marx and Lenin.
    –Ronald Reagan

  • mcc

    BO and Romney tied in Pennsylvania —

    http://minx.cc/?post=328532

  • 8 My Foot

    5 Tillion?

  • Valerie

    #37 April 18, 2012 at 8:45 pm
    8 My Foot commented:

    Typo was noted, above.

  • tommy mc donnell

    you can’t point out the fallacy of obama’s policies to him because there is none. when you tell him his polices are destroying this country on his inside he is saying “damn right they are.”

    #31 bg…i was agreeing with you, under obama’s plan the banks will continue to grow bigger and bigger until we have one government(politican)controlled bank.

    socialism…the economic system of the new world order.

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  • Viliami Tuanaki

    Typo in the headline, supposed to be trillion but you wrote tillion.