$8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years

[80zephyr]

the must be that hope and change transformation he promised.

snip:
$8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years
By Terence P. Jeffrey | January 26, 2016 | 12:44 PM EST
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(CNSNews.com) - The debt of the federal government increased by $8,314,529,850,339.07 in President Barack Obama’s first seven years in office, according to official data published by the U.S. Treasury.

That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.

During President George W. Bush’s eight years in office, the federal debt increased by $4,899,100,310,608.44, according to the Treasury. That equaled $44,104.65 in net federal borrowing for each of the 111,079,000 households that, according to the Census Bureau, were in the country as of Jan. 20, 2009, the day that Bush left office and Obama assumed it.


In the fifteen years from the beginning of Bush’s first term to the end of Obama’s seventh year in office, the federal debt increased $13,213,630,160,947.51.

the whole article
$8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years

Ugh, why are people so obsessed with the debt, and why do people pretend Obama is somehow the "bringer of the end?" News flash: The "fear" over the national debt is absurd.
http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html

That article is so incredibly stupid that I...don't know what to say.

Mark

If you only read the title, I can see where'd you would get that from.
Why don't you show us the horrific harm the national debt has done?

Wags quickly noted that the U.S. economy has, on the whole, done pretty well these past 180 years, suggesting that having the government owe the private sector money might not be all that bad a thing. The British government, by the way, has been in debt for more than three centuries, an era spanning the Industrial Revolution, victory over Napoleon, and more.

What does your logic tell you about too much debt? I assume you have a life where you have to live within your means?

Are you really going to listen to someone who denies reality(and math)?

Mark

 

[gipper]

the must be that hope and change transformation he promised.

snip:
$8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years
By Terence P. Jeffrey | January 26, 2016 | 12:44 PM EST
AddThis Sharing
88.8K16.3K
Shares
FacebookTwitterMore


(CNSNews.com) - The debt of the federal government increased by $8,314,529,850,339.07 in President Barack Obama’s first seven years in office, according to official data published by the U.S. Treasury.

That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.

During President George W. Bush’s eight years in office, the federal debt increased by $4,899,100,310,608.44, according to the Treasury. That equaled $44,104.65 in net federal borrowing for each of the 111,079,000 households that, according to the Census Bureau, were in the country as of Jan. 20, 2009, the day that Bush left office and Obama assumed it.


In the fifteen years from the beginning of Bush’s first term to the end of Obama’s seventh year in office, the federal debt increased $13,213,630,160,947.51.

the whole article
$8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years

Ugh, why are people so obsessed with the debt, and why do people pretend Obama is somehow the "bringer of the end?" News flash: The "fear" over the national debt is absurd.
http://www.nytimes.com/2015/08/21/opinion/paul-krugman-debt-is-good-for-the-economy.html

That article is so incredibly stupid that I...don't know what to say.

Mark

If you only read the title, I can see where'd you would get that from.
Why don't you show us the horrific harm the national debt has done?

Wags quickly noted that the U.S. economy has, on the whole, done pretty well these past 180 years, suggesting that having the government owe the private sector money might not be all that bad a thing. The British government, by the way, has been in debt for more than three centuries, an era spanning the Industrial Revolution, victory over Napoleon, and more.

What does your logic tell you about too much debt? I assume you have a life where you have to live within your means?

Are you really going to listen to someone who denies reality(and math)?

Mark

This is part of the problem... Americans are being told by the state run media that the debt is no big deal and amazingly some accept this absurdity. It is easy to understand if you know history. No great nation stays great, with overwhelming debt.

The bankers and politicians are the source of the problem.