http://latimesblogs.latimes.com/wash...onal-debt.html
Swallow all liquids in your mouth before reading any further.
Updated numbers for the national debt are just out: It's now $14,639,000,000,000.
When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS' amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn't been closed.
Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.
Same sum for the day Obama flew Air Force One nearly four hours roundtrip to Columbus, Ohio for a 10-minute speech about how well the stimulus was working in the politically crucial Buckeye state. Ohio's unemployment rate just jumped to 9% from 8.8% anyway.
Or last week's three-day Midwestern tour in the president's new $1.1 million Death Star bus? National debt went up $16,988,000,000 while he rode around speaking and buying ice cream cones.
Numbers with that many digits are hard to grasp, even for a Harvard head. So, let's put it another way:
One billion seconds ago Bill Clinton was nearing the end of his two terms and George W. Bush's baseball collection was still on the shelves in the Austin governor's office.
The nation's debt increased $4.9 trillion under President Bush too, btw. But it took him 2,648 days to do it. Obama will surpass that sum during this term.
Now, how to portray a trillion, or 1,000 billions. One trillion seconds ago much of North America was still covered by ice sheets hundreds of feet thick. And the land was dotted by only a few dozen Starbuck's.
Obama is saying yes, we can get control of the national debt. But ominously every time he says that he adds that trillions of dollars in infrastructure repairs are badly needed across the country. And with interest rates so low, according to the thinking on Obama's planet, now is an excellent time to borrow even more money.
So, it looks like not too long before Americans learn what comes after 1,000 trillions.
It's quadrillion. But for Bernanke's sake, please don't tell anyone in Washington.
Well if they are badly needed, what's the problem Darrin?Obama is saying yes, we can get control of the national debt. But ominously every time he says that he adds that trillions of dollars in infrastructure repairs are badly needed across the country.
No problem, just give the bill to future generations.
Here's Mark Knoller actual report
Excerpt:
Mr. Obama blames policies inherited from his predecessor's administration for the soaring debt. He singles out:
"two wars we didn't pay for"
"a prescription drug program for seniors...we didn't pay for."
"tax cuts in 2001 and 2003 that were not paid for."
Neither party gives a about 'future generations'.
Thanks Darrinbot for posting every wingnut blog out there.
Will future generations not benefit from badly needed infrastructure?
When did you start caring about the debt, Darrin? 2009?
He's going for the record
lol vacation ankle biting
another new record:
http://www.cnbc.com/id/45883035The 183,064 government job cuts in 2011 represented a record high for that sector since Challenger began tracking it in 2002.
Weren't those cuts mostly in the City/County/State sector which are obligated to have balanced budgets?
I would much prefer the Mark Knopfler report.
wtf is wrong with the image html?
Fair point about the wars, but his administration has had the opportunity to do something about the tax cuts and the prescription drug program and done nothing about either.
For all the ing about the effect the prescription drug program has had on the debt, I have yet to hear anyone suggest a way to start paying for it or that we get rid of it.
probably
the national debt is a direct, intended (weaken/kill govt) result of Repug/conservative policies of 30 years of unnecessary wars, and extreme tax cutting, and massive tax revenue reduction from the Banksters' Great Depression, not due Obama spending.
keep setting up your LIES, and I'll keep knocking them down.
Darrin has also set a new world record... in pettiness and selective memory.
If every American got a dollar for every time Obama said that he inherited this from Bush, every American would be rich now. LMAO what a cry baby pussy!
So, which part did he not inherit from the Dubya administration exactly?
"two wars we didn't pay for"
"a prescription drug program for seniors...we didn't pay for."
"tax cuts in 2001 and 2003 that were not paid for."
"record size of government"
TBH, there is one other big thing that Obama inherited that the prior administration was responsible for and that was the TARP expenditures.
Most of those funds were approved but not not expended until Obama took office, and it is one of the things that the Tea Partiers are angriest about. They wanted him to not spend the money approved by the prior congress for the financial bailouts. Since Tarp was a genuinely bi-partisan effort that both Obama and McCain supported, I think that both sides should share responsibility for it.
During Obama's tenure, the cost of the so-called 'stimulus program' included about 400K in tax cuts and the rest was expenditures.
Final thought about the debt and deficits: Obama has been correct, I believe, in putting all the wars, all the Tarp expenditures and everything else into the budget. It was wrong not to have them in the budget under the Bush administration, and having them in there displays just how bad the deficits are.
The fact that the Obama administration has done a horrible job of explaining this to the American people is a one of their biggest failures, I think....right behind believing that being nice to people will make them want to compromise with you.
"Obama said that he inherited this from Bush"
... linkSSS? 1x? 10x", 100x ? how many times has he said it?
And even if he did repeat it, WTF is wrong with repeating the truth, esp in the context of the right-wing hate-media repeating lies?
And the Repugs have blocked/terminated/defunded/gutted nearly everything the Dems have proposed to get the economy moving again and to "progress" the American situation, so their Reign of Error under dubya, and their Reign of Obstructionism under Obama are almost entirely to blame for the .
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