Another Record!… Foreign Debt Up 72.3% Under Obama

Another Obama Record!
U.S. government’s indebtedness to foreign interests has grown by 72.3 percent during President Barack Obama’s term in office.
CNS News reported:

The money the U.S. government owes to foreign entities rose to a record $5.2923 trillion in June, according to data released by the U.S. Treasury Wednesday afternoon.

In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S. government borrowed an additional $34.2 billion from foreign entities in order to fund U.S. government operations.

The U.S. government’s indebtedness to foreign interests has grown by 72.3 percent during President Barack Obama’s term in office. In January 2009, when Obama was inaugurated, the U.S. government owed $3.0717 trillion to foreign entities, according to the Treasury Department. That has increased by $2.2206 trillion—or 72.3 percent—to the record $5.2923 trillion reported for yesterday.

Entities in the People’s Republic of China remain the largest holders of U.S. government debt. Entities in Japan, however, are on track to eclipse the Chinese as the top holders of U.S. government debt.

1. 

   #1 August 17, 2012 at 7:49 am

   iamsaved commented:

   Another bad record! It’s because he’s wrapped around the Axelrod and Valerie Jarrett, his resident Rasputin. His wagon is going to come to a screeching halt this November because of his advisors and fellow Marxists. Of course, he’s primarily too blame.

   Most people look at others failures and learn from it. Not this administration. They’ve watched socialism and Marxism fail all around the globe numerous times but yet they dive right in and make the same mistakes.

2. 

   #3 August 17, 2012 at 9:02 am

   Sasja commented:

   #1 August 17, 2012 at 7:49 am
   iamsaved commented:

   “Most people look at others failures and learn from it. Not this administration. They’ve watched socialism and Marxism fail all around the globe numerous times but yet they dive right in and make the same mistakes.”

   These are no mistakes, my friend. Every policy and act are deliberate and calculated to end America’s dominance on the world stage and enslave her citizens while garnering supreme control for themselves. If that should ever happen, even their useful idiots will not escape the “cleansing” which will occur.

3. 

   #4 August 17, 2012 at 9:14 am

   donh commented:

   THIS debt bondage is putting Y’all back in chains.

4. 

   #5 August 17, 2012 at 9:41 am

   bigL commented:

   Remember how we used to hear ofM1 and M2? what happenedto that measure. REmembe how during Ragan’s admin there were all these homeless men sleeping on grates in D.C. There was one Mitch Something that wore battle fatigues and was the “spokesman” We don’t hear about homless anymore nor M1 and M2. Nor foreing debt and trade imbalance

5. 

   #6 August 17, 2012 at 11:35 am

   mg4us commented:

   What did Obama say about Bush using Bank of China credit card and being Unpatriotic?

   http://www.youtube.com/watch?v=DyLmru6no4U

   So what does that make Obama?

   Wake Up America and smell the Humus. . .
   Obama is Incompetent, Inept and Inexperienced and is part of the problem
   He is a divider, debtor, and full of disdain and contempt of the greatest country know to the average man.

6. 

   #7 August 17, 2012 at 12:05 pm

   paul52 commented:

   Time for Nerobama to crank up the presses at Treasury. No wonder he couldn’t spring for a round of beers at the Iowa State Fair. No Chinese guy there to lend him the dough.

7. 

   #12 August 17, 2012 at 3:22 pm

   bg commented:

   ++

   paul52 #7 August 17, 2012 at 12:05 pm

   re: [crank up the presses at Treasury]

   read something about the following the other day..

   and just now ran across the following:

   Chance of Fed printing more money rises to 60 percent: Reuters poll

   [Most forecasters have turned more pessimistic on the economy,
   despite recent, modestly better news on retail sales, payrolls and
   the battered housing market. The trimmed quarterly growth
   forecasts for a third straight month.

   The latest findings are based on a survey of 17 of the Wall Street
   primary dealers who deal directly with the Fed, as well as an
   additional 44 economists in the monthly Reuters Poll.

   It was the first time this wide sample of economists put the probability
   of more quantitative easing, or QE3, at greater than 50 percent, with
   one economist saying there was a 95 percent chance the Fed will act.

   The latest consensus was for $500 billion in additional government bond
   purchases, on top of the $2.3 trillion the Fed has already bought. The
   highest forecast was for $750 billion.]

   ==

8. 

   #13 August 17, 2012 at 3:23 pm

   bg commented:

   ++

   duh re: #12 August 17, 2012 at 3:22 pm bg

   read something about that the other day..

   ==

9. 

   #14 August 17, 2012 at 3:41 pm

   Amy Proctor commented:

   Historic….thanks, Obama.

10. 

    #15 August 17, 2012 at 3:46 pm

    mg4us commented:

    This may explain why many foreign execs want to see Obama win. . He is their druggie . . . adicted to their cash to fund his spending & stimulus addiction

    http://news.yahoo.com/executives-obama-better-world-economy-poll-092717460–business.html

    Either that or they only polled execs from Middle East, Africa and North Korea. . . LOL!

    Obama is the laughingstock of the world but they do it on the QT. . .

11. 

    #17 August 17, 2012 at 5:59 pm

    US Navy Corpseman commented:

    this is what happens when you take advice from Axelslob. Sloth-like dim-witted buffoon.