In fact this year will be the fourth year in a row that the US deficit will top $1.1 trillion
and is expected to reach $1.33 trillion
– another Obama record.
Obama knows how to spend other people’s money.
March 16, 2012 TPATH
UNDER #OBAMA US PER CAPITA DEBT
WORSE THAN ALL EUROPEAN COUNTRIES
What does this mean?
Well, as the graph clearly indicates, America’s per capita government debt is worse than that of Portugal, Ireland, Italy, Spain, Greece (PIIGS), and France.
Get that? America’s per capita debt is worse than the PIIGS! You know,
the countries primarily responsible for pulling the euro-zone into
And it gets worse. As the Budget Committee notes, under the president’s
plan, gross federal debt will reach $75,000 per capita by 2022.
Big deal. How important is this anyway?
Considering that per capita debt is a means of gauging the likelihood of
a country’s ability to repay its debts, that is, it helps determine
whether a country’s government bonds are at risk of default, we‘d say
that it’s a pretty big deal.
February 24, 2012 (TPATH) -
Obama Is First President to Lose One Million Jobs In a Recovery
As of January 14, 2012
National Debt Has Now Increased $4 Trillion Under Obama – He Blames Bush
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
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.”
He goes on to blame the recession, and its resulting decrease in tax revenue on businesses, for making fewer sales, and more employees being laid off. He says the recession also resulted in more government spending due to increased unemployment insurance payments, subsidies to farms and funding of infrastructure programs that were part of his stimulus program.
Of course, the Bush tax cuts created record revenue for the government, but don’t tell Obama. It might ruin a good talking point.
Chart from Gateway Pundit
August 23, 2011 TPATH
In just over 900 days, Obama has increased the National Debt by more than 40%. Just 10% less than all the previous Presidents, combined.
While he loves to blame others for this, it is his stealth plan. Cloward and Piven, radical 60's socialists have described how to destroy the capitalist system. Bankrupt it from within by creating vast dependence which can not be sustained.
Does that have any resemblance to what Obama is doing?
This is so COOL.
Could anyone actually think this is not INSANE?
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