« America Was Built by Rugged Individualists Who'd Reject Obama by ElRushbo | Main | World War II Marine Corps Vet of 83, Fights Off Home Invader of 19 »
September 09, 2010
America Hating Obama Vows He Will Continue Spending
.
Obama Added More to Debt in First 19 Months Than All Presidents From Washington to Reagan COMBINED
The Obama-Pelosi economic plan resulted in a cumulative 7.5 million jobs deficit. By every objective measure the democrat’s Trillion dollar stimulus bomb was a complete disaster.
Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation’s history.
After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.
Instead of focusing on the economy the past two years the radicals in Washington beat up on business and rammed through an unpopular nationalized health care entitlement program.
Then there’s this…
The Obama-Pelosi regime added more to the national debt in his first 19 months in office than all presidents from Washington to Ronald Reagan… COMBINED.
In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
The U.S. Treasury Department divides the federal debt into two categories. One is “debt held by the public,” which includes U.S. government securities owned by individuals, corporations, state or local governments, foreign governments and other entities outside the federal government itself. The other is “intragovernmental” debt, which includes I.O.U.s the federal government gives to itself when, for example, the Treasury borrows money out of the Social Security “trust fund” to pay for expenses other than Social Security.
At the end of fiscal year 1989, which ended eight months after President Reagan left office, the total federal debt held by the public was $2.1907 trillion, according to the Congressional Budget Office. That means all U.S. presidents from George Washington through Ronald Reagan had accumulated only that much publicly held debt on behalf of American taxpayers. That is $335.3 billion less than the $2.5260 trillion that was added to the federal debt held by the public just between Jan. 20, 2009, when President Obama was inaugurated, and Aug. 20, 2010, the 19-month anniversary of Obama’s inauguration.
.
Wild Thing's comment.........
Will he ever stop???? I don't think he will, he is on a roll and could care less how it hurts we the people, any size business, or our entire country.
They say Obama is a major screw up!!! YES he is. And it is on puprpose, it is looks like a screw up but it is all his agenda of destroying our country.
He invited the Muslim Brotherhood Foundation & 40 mosque leaders to the WH on 8/31 to discuss “direct access” to stimulus grants & promised to help with the red tape. Duh!!!! Millions of people know that the Brotherhood Foundation finances HAMAS!!! Plus, we can’t afford to give more money to anyone for any reason.
Obama refuses to tell the public anything about himself. Anyone can look up information on any other President & get facts. Not Obama. He’s spent millions hiding every document having to do with his life.
What the hell is he hiding it from us for??? Maybe because he has no right being the President??
He’s trying to remove Christianity from every area in the United States, while promoting Islam. He cancelled National Prayer Day at the WH but has had 2 Muslim religious functions at the WH. He says he’s a Christian but denounces Christianity constantly. Occidental College in Calif. is mostly Muslim students. The foundation this college has for student grants, etc. is for Muslim students.
He Lies!!!! He’s deceitful. He’s the puppet of George Soros & this man hates America. And both of them have a dream alright, and that dream is to destroy the USA.
Posted by Wild Thing at September 9, 2010 08:44 AM
Comments
I just don't see now how we will ever get out of debt. Seventy years of big spending. It is now an addiction. obama has blown off the doors of any kind of fiscal responsibility. Obviously that is what most of the American public wants. The only thing I can think of is stay out of personal debt and be prepared to weather the storm when the dollar collapses.
Posted by: TomR,armed in Texas at September 9, 2010 03:17 PM
Tom. your right it is an addiction to these people.
Posted by: Wild Thing at September 10, 2010 12:17 AM
