Monday, December 03, 2012

Obama Has Now BORROWED More Than All Previous Presidents Combined

Cloward Piven here we come! Just think what will happen when interest rates go up. From CNS News:
At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.
That means the debt has increased $5,696,206,400,691.90 during Obama’s presidency.
On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90—the amount it has increased in less than one full term of Obama.

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