Obama’s Addition to National Debt Hits $7 Trillion

ObamaMoney

A few trillion here. A few trillion there. And soon you’re talking about a devalued dollar and a nation perpetually in debt.

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation’s existence–from 1776 through 2003.

Who knew Hope and Change meant hoping that money would still be worth something?

When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19–up $6,991,722,604,247.11 from Obama’s first inauguration day.

By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.

And we’re still on course for that $20 trillion national debt. Who says that Obama doesn’t believe in American exceptionalism?

But Obama could still surprise us with a $22 trillion national debt instead. Or if he abuses executive orders enough or maybe gets around to minting that trillion dollar coin, a $25 trillion national debt.

  • Gamal

    The man’s gotta buy votes, give him a break.

  • panola60

    Under Obama, median household income has plummeted. Electricity prices have skyrocketed. Gasoline prices have already doubled and still climbing. The poverty rate has jumped to 16.1%. The income inequality gap has widened considerably. Labor force participation is at the lowest level in 36 years. Three of four jobs created under Obama are part time because of Obamacare and the U.S. economy contracted in the first quarter of 2014 for the first time in three years.

    The cost of college tuition is at an all-time high, as is student debt. And the cost of health-insurance premiums and deductibles are skyrocketing under Obamacare while our southern border is literally under a mass invasion of catastrophic proportions by illegal aliens.

    Only 47% of adults have full time jobs, black unemployment way up, Hispanic unemployment way up, female unemployment up, youth unemployment way up, Federal debt approaching 110% of GDP, 47 million on food stamps, 6 million have been added to SS Disability, 1 in 6 live in poverty, 49% pay no Federal tax and Obama will add more to the National Debt in his two terms than all previous presidents COMBINED!

    However, worst of all is Obama’s Federal Reserve policies that were necessary to “fund” Obama’s reckless and morally and fiscally insane federal spending. We’ve had Quantitative Easing, we’ve had QE2, we’ve had QE3, and now we’re at “QE Forever.” And these policies have basically arbitrarily added zeroes to the money supply computers. As of March of this year, Obama’s chief Fedthug had added over $2.5 trillion to the money supply – a beyond insane 240 percent increase. I mean, holy hell, where did all this cash come from? From Never-Never Land, that’s where.

    Let me put it this way: when Obama took office from George W. Bush, the Federal Reserve balance sheet was $800 billion; it is now $4,601 BILLION under Barack Obama creating an artificial financial bubble that dwarfs the mortgage meltdown bubble created by democrats like Frank / Dodd.

  • UCSPanther

    You will be flagged like the vermin you are.

  • Tabitha Bliss

    Money well spent for the west’s first line of defence against radical, genocidal Muslim barbarians I’d say! Israel is an asset & friend to our country that’s priceless.

  • Gamal

    How much aid have we been giving Iraq that Obama has lost to ISIS perhaps the most barbaric organization in history? How much of our money has he given to Pakistan a nuclear Muslim country that sheltered Bin Laden? I never cease to be amazed at the crazies obsession with Israel as the barbaric Muslims threaten everybody and Israel fights the radical Muslims. The Israelis are fighting our war for us and dying for us and the crazies complain about aid to them. Also what percentage is 100 billion of 17 trillion? It’s 0.6%. Sorry Adolf but the national debt aint Israels fault. Of course the truth isn’t going to stop you from lying is it?