Obama adds $3 trillion to national debt in less than 2 years

October 19, 2010


posted at 9:30 am on October 19, 2010 by Ed Morrissey

<excerpt>

The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.

<excerpt>

  • Republicans in control for 12 years: Added $4.034 trillion (avg $336.17 billion per year)
  • Republicans in control during Bush era: Added $3.201 trillion (avg $533.5 billion per year)
  • Democrats in control of Congress during Bush/Obama era:  Added $4.603 trillion (avg 1.48 trillion per year)

read more

http://hotair.com/archives/2010/10/19/obama-adds-3-trillion-to-national-debt-in-less-than-2-years/

Advertisements

One Response to “Obama adds $3 trillion to national debt in less than 2 years”

  1. msbetz Says:

    There’s 13 trillion…….MISSING! 13TRILLION! Nobody know’s where it went!

    We should ask Barry- Steve- Barrack- Hussein- Soetoro- Soebarkah- Obama!

    Our government only speak’s in billion’s and trillions…and since most don’t grasp the concept, there are one thousand billion in a trillion. Why is Obama telling us that 250,000 is rich?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: