It’s Official: Obama Has Now Borrowed $3 Trillion…

Discussion in 'Current Events' started by Capitalist, Oct 18, 2010.

  1. Capitalist
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    Capitalist Jeffersonian Liberal

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    (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.
    Each business day, in the afternoon, the Treasury Department’s Bureau of the Public Debt publishes the exact amount—to the penny–of total federal debt as of the close of the previous business day.
    At the close of business on Jan. 20, 2009, according to the bureau, the total debt of the federal government was $10,626,877,048,913.08. On Oct. 15, 2010, the federal government borrowed an additional $58,979,549,154.06, bringing the total federal debt at the close of Friday’s business day to $13,665,926,643,255.96—an increase of $3,039,049,594,342.88 since President Obama’s inauguration.
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  2. Revere
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    Revere BANNED

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    Not a goddamned thing to show for it except more misery than ever before.
     
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  3. marksinvirginia
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    marksinvirginia Born in the USA

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    And, when a "brother" accumulates debt... he has no intention of paying it.
     
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  4. WillowTree
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    WillowTree Diamond Member

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    Sickens me.
     
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  5. saveliberty
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    saveliberty Diamond Member

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    I had no idea his greens fees were that much.
     
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  6. Charles_Main
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    Charles_Main AR15 Owner

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    Gee us that all only 3 Trillion in less than 2 years. Awe come guys that isn't that much why Bush borrowed a little more than that.............in 8 FUCKING YEARS.
     
  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    i dont get people. Why on earth does anyone think this kind of spending is a good idea?
     
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  8. Charles_Main
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    Charles_Main AR15 Owner

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    They tell themselves He had to do it because of Bush. Which of course is complete BS, But that is what they tell themselves.
     
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  9. saveliberty
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    saveliberty Diamond Member

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    Because some want to believe you can cheat others and the system to prosper.
     
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  10. ConHog
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    ConHog BANNED

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    He should be tried for treason and hung when found guilty
     

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