Obamadebt

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Debt Has Climbed $4.47T Since Obama Released First Budget—Calling for ‘A New Era of Responsibility’

http://cnsnews.com/news/article/debt-has-climbed-447t-obama-released-first-budget-calling-new-era-responsibility

[That’s “Trillion” with a capital “T“.   ASND wonders how many people who voted for that deficit even know that 1 trillion = one THOUSAND million?]

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Why $16 Trillion Only Hints at the True U.S. Debt Hiding the government’s liabilities from the public makes it seem that we can tax our way out of mounting deficits. We can’t.

http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html?mod=WSJ_Opinion_LEADTop

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First Term: Obama Increased Debt $50,521 Per Household; More Than First 42 Presidents in 53 Terms Combined

http://cnsnews.com/news/article/first-term-obama-increased-debt-50521-household-more-first-42-presidents-53-terms

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National Debt Interest Payments Dwarf Other Government Spending

http://www.usnews.com/news/articles/2012/11/19/how-the-nations-interest-spending-stacks-up

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We’re the brokest nation since before the advent of the Big Bang.

http://www.americanthinker.com/2012/09/the_brokest_nation.html

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To keep pace with [liberal promises, Barack Obama’s “government”] now borrow 42¢ out of every dollar that is spent.   This insatiable appetite of [Barack Obama’s] government to borrow and spend as if it does not matter resulted in the historic downgrade of our national credit rating.   We now hold the lofty title of being the largest debtor nation in the world.

http://www.americanthinker.com/blog/2012/09/drowning_in_red_ink.html

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… every American owes $50,801 on the national debt.  More important[ly], those households that actually pay taxes… owe over $320,000.  By the time Obama completes a second term, if he is re-elected, that figure will have risen to $400,000.

http://www.americanthinker.com/2012/08/debt_drag.html

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If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676.

http://cnsnews.com/news/article/4-yrs-private-college-130468-median-priced-existing-home-173100-us-debt-american-under

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… the ‘Solvency Index’ (a combination of the budget deficit as a percent of GDP and the unemployment rate) of various nations in Europe and the United States would be as follows over the past four years:

http://www.americanthinker.com/2012/08/barack_obama_harry_reid_and_american_insolvency.html

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Deep Impact: Federal Budget Surplus/Deficit Since 1980

http://captainscomments.com/images/Deficit-Obama-2012-%28large%29.png

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$12,984–Increase in Debt Per Household Since First 2011 Bipartisan Spending Deal

http://cnsnews.com/blog/terence-p-jeffrey/12984-increase-debt-household-first-2011-bipartisan-spending-deal

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Too Much Debt Means the Economy Can’t Grow

http://www.bloomberg.com/news/2011-07-14/too-much-debt-means-economy-can-t-grow-commentary-by-reinhart-and-rogoff.html

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You Can’t Solve A Debt Problem With More Debt

http://www.businessinsider.com/mauldin-collateral-damage-2011-12?op=1

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CBO: Obama’s Policies to Increase National Debt 47 Percent to $21.7 Trillion by 2022

http://cnsnews.com/news/article/cbo-obama-s-policies-increase-national-debt-47-percent-217-trillion-2022

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“... in the U.S., the full negative impact of the Obama administration economic policies will fall squarely upon the shoulders of the young.”

http://www.wnd.com/2012/01/money-insider-debt-undermining-stocks/print/

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[Obama] Government borrows 46 cents [from your children &  China ] for every dollar we spend

http://www.americanthinker.com/blog/2012/12/government_borrows_46_cents_for_every_dollar_we_spend.html

and…

CBO: Exploding debt under Obama policies

http://www.politico.com/news/stories/0312/74109.html

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President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.“

http://p.washingtontimes.com/news/2012/mar/16/cbo-obama-budget-deepens-debt-35-trillion/

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Geithner Asked What Would Be Very Last Debt Ceiling Request; Says “A Lot, Would Make You Feel Uncomfortable”

http://www.realclearpolitics.com/video/2012/03/21/geithner_asked_what_would_be_very_last_debt_ceiling_request_says_a_lot_would_make_you_feel_uncomfortable.html

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Although he has served less than a term, Obama is now the first American president to see the federal government’s debt increase by more than $5 trillion during his time in office.

http://cnsnews.com/news/article/5-trillion-man-debt-has-increased-under-obama-502776147648456

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America’s Road to Perdition

http://www.americanthinker.com/2012/09/another_road_to_perdition.html

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Foreign Debt:

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government…

http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521

and…

The money the U.S. government owes to foreign entities rose to a record $5.2923 trillion in June…

http://cnsnews.com/news/article/us-governments-foreign-debt-hits-record-529-trillion

and…

Foreign holdings of US debt hit record $5.48T

http://hosted.ap.org/dynamic/stories/U/US_FOREIGN_HOLDINGS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-12-17-09-44-48

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Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet.”

http://cnsnews.com/news/article/top-customer-under-obama-fed-s-holdings-us-debt-have-jumped-452

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Obama’s Budget to Add $4.4 Trillion to Debt in Next Four Years

On track to $20 trillion in debt in 2016

http://www.weeklystandard.com/blogs/obamas-budget-add-44-trillion-debt-next-four-years_650614.html

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Germany Says ‘Great Uncertainty’ About US Debt

http://www.cnbc.com/id/48982485

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US Credit Rating Cut by Egan-Jones… Again

http://www.cnbc.com/id/49037337

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Obama’s Budget Fails to Solve the Debt Crisis Despite $2 Trillion in Tax Hikes

http://www.heritage.org/federalbudget/obama-budget-debt?utm_medium=newsletter&utm_campaign=budgetsense

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[Federal] Debt Jumped $1.2759T in FY 2012; Up $10,855 Per Household in Just 12 Months; Beats 2011

http://cnsnews.com/news/article/debt-jumped-12759t-fy-2012-10855-household-just-12-months-beats-2011

[And that was only through September.]

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U.S Added More Debt Monday Than From 1776 Through Pearl Harbor

http://cnsnews.com/news/article/us-added-more-debt-monday-1776-through-pearl-harbor

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CBO: Corporate Taxes Up 34% in FY12; Individual Taxes Up 4%;Deficit Still Tops $1T

http://cnsnews.com/news/article/cbo-corporate-taxes-34-fy12-individual-taxes-4deficit-still-tops-1t

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Confronting the Political Reality of Debt

http://www.american.com/archive/2012/november/lenders-and-spenders-confronting-the-political-reality-of-debt

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Once Again, Let’s Not Increase the Debt Ceiling

http://www.americanthinker.com/2012/11/once_again_lets_not_increase_the_debt_ceiling.html

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