Did You Know...

   

Miracle Worker: Obama Matches 214 Years Worth of US Debt in Less Than 24 Months

Share
By Doug Powers  •  October 18, 2010 10:45 PM

**Written by Doug Powers

President Obama, assisted by his willing accomplices in Congress who have helped swipe the national credit card like giddy teenage girls at the mall with daddy’s Visa, have made history.

From CNS News:

It’s official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.

Republicans are far from removed from guilt when it comes to debt accumulation over the decades, but one thing’s for certain: The GOP’s Slurpees and lattes over the years have cost far less than Obama’s alleged attempt to get the car out of the ditch.

Fortunately the country has a lot to show for this new debt (I’m selling long on sarcasm and short on Hope & Change, in case that isn’t obvious).

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Obama calls press conference to announce lack of strategy against ISIS

August 28, 2014 06:37 PM by Doug Powers

suitobama

No game plan yet to oppose the “JV team”

August 22, 2014 03:39 PM by Doug Powers

lowered

Eric Holder’s Justice Dept. to investigate ISIS murder of James Foley

August 21, 2014 09:46 AM by Doug Powers

holder

More trials in Manhattan?

World leader cuts short vacation after murder of American journalist

August 20, 2014 08:48 AM by Doug Powers

obamavineyard

Optics shmoptics


Categories: Al Qaeda, Barack Obama, Gitmo, War

Follow me on Twitter Follow me on Facebook